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.
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