Westaim Corp (TSE:WED) has released an update.
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Westaim Corporation has announced the pricing of a secondary public offering for Skyward Specialty Insurance Group, involving the sale of 4.4 million shares at $36.50 each by its subsidiary. An additional 660,000 shares may be sold under an underwriter’s option. The offering, managed by several prominent financial institutions, will not benefit Skyward Specialty directly but will instead provide net proceeds to the selling stockholder.
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