Australia's 4DS Memory hits 2-1/2-month low on discounted placement

4DS Memory

25/11/2021 24:47

** Shares of 4DS Memory Ltd  4DS.AX  decline as much as 11.9
pct to A$0.052, their lowest since Sept 9
    ** The semiconductor development firm announces placement of
52 mln shares at A$0.048 each, an 18.6% discount as of Monday's
close  urn:newsml:reuters.com:*:nASN001XEA
    ** 4DS intends to raise A$2.5 mln ($1.80 mln) under share
purchase plan at A$0.048 each
    ** Says funds from capital raise to progress development of
co's interface switching refram technology with nanoelectronics
and digital technology co IMEC in 2022
    ** Stock posts its biggest intraday pct fall since Nov 8;
down 52.8 pct YTD, as of last close

     ($1 = 1.3879 Australian dollars)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))