Australia's Anteotech falls on discounted placement

Anteotech

08/04/2024 02:38

** Shares of Anteotech  ADO.AX  fall as much as 28.6% to
A$0.025, set for worst day since March 10, 2022, if losses hold 
   
    ** Research firm announces A$6.4 million ($4.20 million)
capital raise 
    ** Issue price of 2.5 Australian cents per share at a 28.6%
discount to stock's last close
    ** Stock at lowest level since Nov. 14, 2023
    ** About 13.4 mln shares change hands, compared with the
30-day average volume of 1.4 mln    
    ** ADO down 2.8% YTD, as of last close

($1 = 1.5232 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))