Australia-listed Way2VAT gains on securing increased debt facility

Way 2 Vat

30/06/2026 04:26

** Shares of Way2VAT Ltd W2V.AX rise as much as 9.2% to A$0.071, their highest level since June 23
** Stock logs largest intraday pct gain since May 21
** Israel-based fintech firm restructures debt facility to increase total debt facility and lengthen maturity term
** Overall facility now includes a new secured loan of about A$2.297 million ($1.58 million) with a 3-year maturity of June 30, 2029
** Total available facility as at June 30 increases to A$4.876 million from A$3.926 million as at March 31
** Says enhanced facility assists in supporting co's operational and strategic growth initiatives
** More than 513,000 shares change hands, 2.8 times the 30-day average
** Stock down 30% YTD, including the day's moves

($1 = 1.4560 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))