Income Asset Management’s Strategic $18M Capital Boost

Income Asset Management Group Limited (AU:IAM) has released an update.

Income Asset Management Group Limited (ASX: IAM) is set to strengthen its financial position through a substantial $18 million equity raising effort. The capital raised will primarily service the repayment of outstanding notes, bolster working capital, and cover the costs of the equity raising process. Executive Chair John Nantes highlights the move as a strategic step to streamline the company’s balance sheet and drive future revenue growth and business scaling.

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