Income Asset Management Group Limited (AU:IAM) has released an update.
Income Asset Management Group Limited successfully closed its fully underwritten entitlement offer, securing approximately $10.5 million from shareholders, resulting in over 70% uptake of the entitlements offered. This initiative will increase ownership stakes for Regal Funds Management and Jamplat Pty Ltd, contributing to an expected total raise of about $15 million. The new shares are set to be allotted on November 8, 2024, as the company gears up for a promising start to 2025.
For further insights into AU:IAM stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Goldman Sachs Sets the Stage for Nvidia Stock Ahead of Earnings
- No Resolution Between Paramount Global (NASDAQ:PARA) and Nielsen
- Ford (NYSE:F) Enters Mustang Mach-E in Road Rally
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
