Australia's 4DMedical slides on discounted placement

4DMedical

21/02/2025 04:45

** Shares of 4DMedical  4DX.AX  fall 20% to A$0.44, their
lowest level since December 23, 2024
    ** Stock faces worst trading session since late June 2022,
if current losses hold
    ** Medical tech firm receives firm commitments to raise
A$5.5 million ($3.52 million) via a placement
    ** Placement issue price at A$0.425 per share, a 22.7%
discount to stock's last close
    ** Co says funds to be used for commercialisation
requirements
    ** More than 3.2 mln shares change hands, 4 times the 30-day
avg volume
    ** Stock down 8.3% YTD, including current session's moves

($1 = 1.5623 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))