Nearly a year later, Ovanti revives Nasdaq talks after a BNPL revival in the US

Company Overview - Ovanti (ASX:OVT) is a microcap fintech player in the Buy Now Pay Later (BNPL) sector, currently trading as a penny stock with a market cap of $37 million and nearly 5 billion shares outstanding, priced at 0.8 cents per share [1][3]. SPAC Listing Plans - Ovanti has revived its plans to list on the Nasdaq after nearly 12 months, indicating ongoing discussions with multiple Special Purpose Acquisition Company (SPAC) operators [1]. - The company’s delayed engagement with SPACs raises questions, as SPACs are known for being accessible to companies seeking public listings [5]. Market Context - The BNPL sector has gained renewed attention in the U.S., highlighted by the recent IPO of Klarna, which was the largest IPO of 2025 despite a week-over-week decline of 8% [6]. - Ovanti's partnership with U.S.-based BNPL player Shift4, which is listed on the NYSE, adds legitimacy to its operations, although this has not significantly impacted its stock price [4]. Trading Activity - On a recent trading day, Ovanti experienced low trading volumes, with only $90,000 worth of trades recorded before 1 PM AEST [3]. - The company has seen a 100% increase in one-year returns, but daily trading activity remains subdued [3].