Ovanti (ASX:OVT) said it executed non-disclosure agreements with four special purpose acquisition companies (SPACs) and continues to engage in meetings with over a dozen other Nasdaq-listed SPACs since July 31, according to a Wednesday Australian bourse filing.
The firm is continuing its review of the proposed Nasdaq dual-listing strategy or entry and further capitalization of the business via a SPAC transaction, per the filing.
Ovanti entered into an amended advisory agreement with EAS Advisors. It earlier retained the firm to advise on and conduct due diligence on a Nasdaq dual-listing or SPAC transaction, and the amendment relates to a renegotiated consideration structure for EAS Advisors' appointment.
The firm's shares jumped nearly 13% in early trading on Wednesday.