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Income Asset Management Group Limited (ASX:IAM)

ALERT: Price-sensitive ASX Announcement for IAM
Current share price for IAM : $0.020 -0.015 (-42.86%)+
Announcement
Release
22 Dec 2025 2:42PM
Price at Release
$0.035
Full Release
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Summary
Income Asset Management Group Limited announced a $2 million unsecured debt capital raise to be settled on 23 December 2025. This debt facility, with a 15% annual interest rate and maturing on 1 July 2027, is aimed at maintaining liquidity. A lending consortium including senior executives funds this initiative. The company continues to experience strong business momentum with increasing transaction volumes and funds under administration. Additionally, 45,660,000 listed options are set to expire on 31 December 2025. This announcement reflects the company's strategic financial decisions amid current operational challenges.
Key Points
  • Income Asset Management Group Limited (ASX: IAM) announced a $2 million unsecured debt capital raise.
  • The debt facility is unsecured with an interest rate of 15% per annum, maturing on 1 July 2027.
  • The proceeds are intended to maintain liquidity during the quiet Christmas period and await an insurance claim outcome.
  • The debt facility is funded by a consortium including Managing Director Jon Lechte and future board member Jim Simpson.
  • The company's business momentum in the second quarter is strong with increased transaction volumes and funds under administration.
  • 45,660,000 listed options (IAMOB) will expire on 31 December 2025 with an exercise price of $0.25.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.