InvestSMART

Ovanti Limited (ASX:OVT)

ALERT: Price-sensitive ASX Announcement for OVT
Current share price for OVT : $0.007 -0.018 (-72%)+
Announcement
Release
20 May 2026 9:50AM
Price at Release
$0.025
Full Release
download
Summary
The document is a Prospectus and Target Market Determination (TMD) for Ovanti Limited concerning an offer of up to 520,339,654 options, split equally between Placement Options and Broker Options, made under a prospectus dated 20 May 2026. The offers are presented to Placement Participants and a Lead Manager, with options exercisable at A$0.025, expiring on 7 May 2030. The TMD outlines the target market for these options, which includes sophisticated and professional investors as defined in the Corporations Act. The document details the conditions under which the offers are made, the process for applying via the Automic Investor Portal, and key dates related to the offer. The document emphasizes that no funds will be raised from the issuance of the options but from their exercise. The prospectus includes a statement that the offer is not open to the general public and must be read alongside the full prospectus for a comprehensive understanding of the associated risks and conditions.
Key Points
  • Ovanti Limited is offering up to 520,339,654 options.
  • Offers are divided into Placement Options and Broker Options.
  • Options are exercisable at A$0.025 and expire on 7 May 2030.
  • The TMD was prepared under section 713 of the Corporations Act.
  • The offer is for sophisticated and professional investors.
  • Applications for options are through the Automic Investor Portal.
  • The issuance of options does not raise funds; funds are raised upon exercise.
  • The offer is not open to the general public.
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.