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Inoviq Ltd ( (AU:IIQ) ) has provided an update.
Inoviq Ltd has announced that Biotech Capital Management Pty Ltd, acting as an investment manager for the Merchant Biotech Fund, has ceased to be a substantial holder in the company. This change occurred after the sale of 2,050,000 shares, reducing the voting power of the Merchant Biotech Fund to 4.64%. This development may impact Inoviq Ltd’s shareholder structure and could influence future investment strategies or stakeholder decisions.
More about Inoviq Ltd
YTD Price Performance: -23.08%
Average Trading Volume: 115,945
Technical Sentiment Signal: Buy
Current Market Cap: A$44.61M
See more insights into IIQ stock on TipRanks’ Stock Analysis page.