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The latest announcement is out from WAY 2 VAT LTD ( (AU:W2V) ).
Way2VAT Ltd announced a successful commitment to raise an additional A$1.3 million through the issuance of convertible notes to sophisticated investors and key shareholders, including major investors like Thorney Investment Group. The funds will primarily support the company’s working capital and financing facilities, strengthening its operational capabilities and financial stability. The conversion of these notes is contingent upon shareholder approval, and the new shares will rank equally with existing shares, indicating a strategic move to enhance liquidity and investor confidence.
More about WAY 2 VAT LTD
Way2VAT Ltd is a global fintech company specializing in automated VAT/GST claim and return solutions. Operating in over 40 countries and 20 languages, it serves hundreds of enterprise businesses worldwide with a patented AI technology that enables a fully automated VAT reclaim platform. Founded in 2016 and headquartered in Tel Aviv, the company has offices in the UK, Spain, and Romania, employing over 70 people and serving approximately 395 global enterprise companies.
Technical Sentiment Consensus Rating: Buy
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