Australia's Artrya slips most in over 2 weeks on discounted placement

Artrya

14/02/2025 01:54

** Shares of Artrya  AYA.AX  fall 3.5% to A$0.83
    ** Stock marks its worst intraday drop since January 29
    ** The medtech co says it has received commitments to raise
A$15 million ($9.48 million) via share placement at an issue
price of A$0.73 apiece 
    ** Issue price represents a discount of 17.8%, as of the
stock's last close
    ** Says placement proceeds will be used to accelerate
commercial adoption of its Salix software in new U.S. hospitals
    ** Stock surged 70.8% in January

    ($1 = 1.5815 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))