WAM Microcap Ltd. Announces $510 Million Share Offer

Story Highlights
  • WAM Microcap Ltd. plans to raise $510 million by issuing 340 million shares.
  • The offer includes priority, broker firm, and general allocations to strengthen market position.
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WAM Microcap Ltd. Announces $510 Million Share Offer

WAM Microcap Ltd. ( (AU:WMI) ) has issued an update.

WAM Microcap Ltd. has announced an offer to raise up to $510 million through the issuance of 340 million fully paid ordinary shares at $1.50 each. The offer includes a priority allocation for Wilson Asset Management Family members, a broker firm offer, and a general offer. This move is part of the company’s strategy to enhance its capital base and strengthen its market position, potentially impacting its stakeholders by providing more investment opportunities.

More about WAM Microcap Ltd.

WAM Microcap Ltd. operates in the financial services industry, focusing on investing in high-quality Australian companies. The company aims to provide monthly income and capital growth for its investors.

YTD Price Performance: 1.71%

Average Trading Volume: 179,967

Technical Sentiment Signal: Sell

See more insights into WMI stock on TipRanks’ Stock Analysis page.

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