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WAM Research Ltd. ( (AU:WAX) ) has provided an update.
WAM Income Maximiser Limited has announced an offer of up to 340 million fully paid ordinary shares at $1.50 per share, aiming to raise a maximum of $510 million. This offer includes a priority allocation to members of the Wilson Asset Management Family, a broker firm offer, and a general offer. The company advises prospective investors to consult the Prospectus and Target Market Determination before applying for shares.
More about WAM Research Ltd.
WAM Income Maximiser Limited is part of Wilson Asset Management, which focuses on investing in high-quality Australian companies. The company aims to provide monthly income and capital growth for its investors.
YTD Price Performance: 6.47%
Average Trading Volume: 132,562
Technical Sentiment Signal: Sell
For an in-depth examination of WAX stock, go to TipRanks’ Stock Analysis page.