As part of IBOA securing the licence, Novatti finalised a Series A equity round for IBOA Group
Holdings Pty Ltd (IBOA Group)
2
, which heads Novatti’s dedicated banking division and is parent
entity of IBOA. Through this funding round, Novatti will make an additional $5 million
investment, retaining a 91% interest in IBOA Group. Commitments under the Series A round
were first announced to ASX in October 20213 and have since evolved with Novatti taking the
opportunity to increase its interest in lieu of a portion of the third party commitments. The
aggregate $8 million in new funding under this round will enable the International Bank of
Australia to launch and build the banking business.
Mr Cook noted: “Novatti was able to make this further investment in the International Bank of
Australia by leveraging its strong balance sheet. This includes a cash balance at the end of the
September quarter of $14.5m, with a further $12.8m expected as a special dividend from Reckon
Limited on 21 November.4 The strength of our balance sheet has enabled us to increase our
position in this very exciting new opportunity.”
- Forums
- ASX - By Stock
- Novatti - The $1 party
As part of IBOA securing the licence, Novatti finalised a Series...
-
- There are more pages in this discussion • 559 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NOV (ASX) to my watchlist
|
|||||
Last
3.9¢ |
Change
-0.001(2.50%) |
Mkt cap ! $13.87M |
Open | High | Low | Value | Volume |
3.9¢ | 4.1¢ | 3.6¢ | $20.20K | 521.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16320 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 532 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16320 | 0.038 |
1 | 10000 | 0.037 |
1 | 52125 | 0.036 |
2 | 425000 | 0.035 |
2 | 38411 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 532 | 1 |
0.041 | 75853 | 3 |
0.042 | 29357 | 2 |
0.043 | 20000 | 1 |
0.044 | 29233 | 2 |
Last trade - 15.57pm 26/06/2024 (20 minute delay) ? |
Featured News
NOV (ASX) Chart |