🎉 Big News from Ovanti Limited (ASX: OVT)! BPC is thrilled to announce that OVT completes the capital raise!
Barclay Pearce Capital Management Pty Ltd, Clee Capital Pty Ltd, Sanlam Private Wealth Pty Ltd acted as joint lead managers in relation to the Placement.
Investor Highlights:
- Ovanti Limited (ASX: OVT) (Company) advises that it has successfully received firm commitments from professional and sophisticated investors for a placement of 300,000,000 ordinary shares raising the equivalent of $6 million before costs, priced at $0.02 per share.
- The Company sought to raise $5 million and received bids far in excess of this amount from sophisticated investors. The Company, to avoid unnecessary dilution to existing shareholders, has decided from the over-bids to take on only an additional $1 million from key strategic investors.
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