Australia's Altech Batteries slips on discounted placement

Altech Batteries

14/10/2025 03:48

** Shares of Altech Batteries ATC.AX fall as much as 14.8% to A$0.046, posting their biggest intraday pct drop since November 15, 2024

** Stock hits its lowest level since September 30

** Battery tech firm says binding commitments received to raise A$6 million at an issue price of A$0.045 per share

** Offer price represents a 16.7% discount to the stock's last close

** Funds will be used to advance accretive activities at the CERENERGY sodium-chloride solid-state battery project, among others - co

** About 15.8 million shares change hands, 3.1x the 30-day average

** YTD, stock down 2.9%, including current session's move

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))