Australia's Way2VAT gains on buying UK-based VAT-advisory firm

Way 2 Vat

23/09/2025 06:39

** Shares of Way2VAT W2V.AX rise 25% to A$0.01, their highest level since May 26

** Stock logs biggest intraday pct gain since June 12

** Fintech co acquires UK based VAT advisory and compliance firm RBC VAT

** W2V also receives binding commitment to raise A$4.1 mln($2.70 mln) via placement at issue price of A$0.008 per share

** About 22 mln shares traded, 12.7x the 30-day average

** Stock last up 12.5%

($1 = 1.5184 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))