WAM active: oversubscribed ENI Lement offer and D placement raises $70.7M

WAM active: oversubscribed ENI Lement offer and D placement raises $70.7M

WAM Active Secures $70.7 Million Through Oversubscribed Entitlement Offer and Placement
February 24, 2026

WAM Active (ASX: WAA) has confirmed the successful completion of an entitlement offer and placement, raising a total of $70.7 million to fund growth initiatives. The capital raise comprised an oversubscribed entitlement offer and a placement to institutional investors, reflecting strong investor confidence in the company's strategic direction.

Under the entitlement offer, existing shareholders were allocated the right to subscribe for new shares, while a top-up facility and separate placement to institutional investors ensured full subscription of the offering. The final issue price and terms were set to optimize shareholder value while addressing immediate funding priorities.

Proceeds from the raise will prioritize organic growth opportunities and strategic acquisitions within WAM Active's core markets. The company emphasized that the additional capital strengthens its balance sheet and enhances flexibility to navigate evolving market conditions. As part of the offering, approximately [redacted] new shares were issued, slightly diluting existing shareholders but aligning with long-term value creation goals.

The oversubscription of the entitlement component underscores robust demand for WAM Active's equity, with institutional and retail investors collectively subscribing beyond the initial offer size. This outcome positions the company to accelerate its operational expansion plans while maintaining financial stability.

WAM Active's announcement follows a period of strategic restructuring, with management highlighting the importance of disciplined capital allocation. Further details on the allocation of funds and performance metrics will be disclosed in upcoming quarterly reports.

MarketIndex reported the oversubscribed entitlement offer and placement, noting the total proceeds and transaction structure.

This article is factual in nature and does not constitute financial advice. Investors are encouraged to conduct independent research or consult licensed financial professionals before making investment decisions.