Australia's ActivePort slides on discounted placement

ActivePort

04/08/2025 03:38

** ActivePort Group ATV.AX slides as much as 28.6% to A$0.010; marks biggest intraday pct loss since February 26

** Stock hits lowest since July 8

** Software firm to raise A$2.5 mln ($1.62 mln) via placement at A$0.01/shr, a ~29% discount to last close, to fund working capital needs

** Over 8.7 mln shares traded, 4.8x the 30-day avg

** ATV last down 14.3%, takes YTD losses to 29.4%

($1 = A$1.5439)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))