Westaim Corp (TSE:WED) has released an update.
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Westaim Corporation is offloading 4.4 million shares of Skyward Specialty Insurance Group via a secondary public offering, with an additional option for underwriters to purchase up to 660,000 more shares. The transaction is being managed by top financial institutions including Barclays and Jefferies, but proceeds from the share sale will go to the Selling Stockholder, not Skyward Specialty. Westaim, known for investment in the financial services sector, aims to enhance shareholder value through such strategic sales.
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