Australia's Aeris Environmental gains on premium placement

Aeris Environmental

20/10/2026 04:15

 ** Shares of Australia's Aeris Environmental AEI.AX rise as much as 13.8% to A$0.041, marking their biggest intraday pct gain since August 11
** Shares hit their highest level since October 7
** Green technology provider discloses placement of A$1.5 million ($1.05 million) at A$0.044 per share, a 22.2% premium to last close on October 16
** Adds, funds from the placement will be used to accelerate the rollout of its unit's Syncromesh smart-building platform, invest in technology development and bolster working capital
** YTD, stock down 26.8%



($1 = 1.4316 Australian dollars)

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))