Australia's AdAlta jumps on capital raising
03/06/2024 04:15
** Shares of AdAlta 1AD.AX rise as much as 8% to A$0.027,
set to gain most since May 21, if trend holds
** The biotech company raises A$1.9 million from exercise of
1ADOA options at A$0.03 per share
** Co says options were exercised at 20% premium to stock's
last closing price
** Stock has risen 4.2% this year, as of last close
(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com;))