My guess is as Splitit might be very well planning to go on PMA as indicated by the recent Motive Partner posts regarding other major private companies- they want a compelling statement for institutions to want to buy their shares before making the move.
So what could it be?
Why wait longer to announce the financials /next chapter strategy?
The answer sits with both V/MC going live last year in may/sep respectively. These two are expanding globally with card-linked instalments, and had exceptional sales in Q4, 2024. We know VISA had $1trillion extra sales last year and MC about $800bn.
So Splitit would be waiting until Q1,2025 closes - to give them both more time to expand. - to show how Splitit now has exceptional MSV, show they are profitable and thus giving a compelling reason for institutions to really want to buy shares in this private company Splitit. It will be another chapter for Splitit as all of this eventuates in our favour.
IMO.
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