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Wellnex Life Issues Over 2.3 Million New Shares Following Shareholder Approval

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Wellnex Life Issues Over 2.3 Million New Shares Following Shareholder Approval

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An announcement from Wellnex Life Ltd ( (AU:WNX) ) is now available.

Wellnex Life Limited has announced the issuance of a total of 2,371,429 ordinary fully paid shares, following shareholder approval at its latest Extraordinary General Meeting. This move includes 1,000,000 shares under Resolution 4, 871,429 shares under Resolution 7, and an additional 500,000 shares issued as part of a refinancing agreement for a Convertible Note. The issuance of these shares reflects strategic financial adjustments by Wellnex Life, potentially affecting its capital structure and providing operational flexibility.

More about Wellnex Life Ltd

YTD Price Performance: -6.50%

Average Trading Volume: 10,000

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €14M

For a thorough assessment of WNX stock, go to TipRanks’ Stock Analysis page.

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