InvestSMART

Novatti Group Limited (ASX:NOV)

ALERT: Price-sensitive ASX Announcement for NOV
Current share price for NOV : $0.016 0.005 (45.45%)+
Announcement
Release
26 Jun 2026 9:41AM
Price at Release
$0.011
Full Release
download
Summary
Novatti Group Limited (ASX:NOV), an Australian payments leader, announced the partial sale of its stake in AUDC Pty Ltd, realising $1.2 million from the sale of 1.5 million shares at $0.80 each. Despite the sale, Novatti retains 18.5 million shares in AUDC. This strategic move marks the first sale of AUDC shares by Novatti since incubating the company in 2022. AUDC, which issues the Australian dollar-backed stablecoin AUDD, became self-funded in 2024 and recently launched a New Zealand dollar stablecoin, NZDC. The proceeds from the share sale will contribute to Novatti’s growth initiatives in its Payments AU/NZ business. Novatti's CEO, Mark Healy, highlighted the foundational role played by Novatti in establishing AUDD and expressed continued interest in participating in AUDC's future growth.
Key Points
  • Novatti sold 1.5 million shares in AUDC for $1.2 million.
  • First sale by Novatti since incubating AUDC in 2022.
  • AUDC is a stablecoin issuer, now self-funded since 2024.
  • AUDC launched NZDC, expanding their APAC infrastructure.
  • Proceeds to support Novatti's Payments AU/NZ business.
  • Novatti retains a significant stake of 18.5 million shares in AUDC.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.