Inoviq Ltd (AU:IIQ) has released an update.
Inoviq Ltd has experienced a change in its substantial holding, with Merchant Funds Management Pty Ltd and associated entities adjusting their voting power from 14.22% to 10.46% due to a series of on-market transactions and placements. The most significant change occurred when the Investment Management Agreement for the Merchant Biotech Fund was assigned to a new manager, resulting in a decrease of over 3 million votes. These shifts reflect active trading and strategic investment decisions by the substantial holder within the financial year.
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