Novatti Group Ltd. (AU:NOV) has released an update.
Novatti Group Limited is poised to raise $9.4 million through a capital raising initiative, with strong backing from professional and institutional investors, including a major commitment from shareholder Brayter Limited. The funds are earmarked for growth initiatives such as market penetration and brand refresh, with a focus on the core Australia and New Zealand payments business, aiming for a 70% gross margin by FY27 and positive operating cashflow by mid-2025. As part of the capital raise, investors are offered new shares and free attaching options, subject to shareholder and ASX approval.
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