Novatti sells AUDC shares for $1.2m
Key points
- Novatti sold 1.5m shares in AUDC at $0.80 per share, realising $1.2m
- Retained a strategic stake of 18.5m shares in AUDC
- First share sale since incubating AUDC in 2022
Full summary
Novatti Group Limited (ASX:NOV) has sold 1.5 million shares in AUDC Pty Ltd for $1.2 million, marking the first time shares have been sold since Novatti incubated the business in 2022. The sale, at $0.80 per share, allows Novatti to realise some value from its early investment while maintaining a stake of 18.5 million shares. AUDC, the issuer of the AUDD stablecoin, has become self-funded since 2024. The proceeds from the sale will support Novatti's Payments AU/NZ business growth.
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