Westaim Completes Lucrative Skyward Specialty Offering

Westaim Corp (TSE:WED) has released an update.

Westaim Corporation has successfully completed the secondary public offering of its subsidiary Skyward Specialty, selling 5.06 million shares at $36.50 each, resulting in proceeds of approximately $177.3 million. Post-offering, Westaim retains a 4.8% stake in Skyward Specialty. Notably, a consortium of financial institutions, including Barclays and Jefferies, managed the offering.

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