Wellnex Life (ASX:WNX) received initial conditional binding commitments of AU$9 million for its proposed dual listing on the AIM Market of the London Stock Exchange, according to a Friday filing with the Australian bourse.
The company is raising capital via a placement and an entitlement offer at AU$0.65 per ordinary share to fund the planned dual listing and conversion of convertible notes.
SP Angel, Orana Capital, and Barclay Pearce Capital are the lead brokers for the capital raise.
The healthcare company's shares plunged 19% in recent trade.
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