Australia's Aurora Labs jumps on premium placement

Aurora Labs

22/04/2024 02:31

** Shares of Aurora Labs  A3D.AX  rise as much as 10.7% to
A$0.031, set for best day since April 8 - if current gains hold
    ** Industrial tech co says it received firm commitments to
raise A$2 mln ($1.29 mln) at 3 Australian cents per share 
    ** Placement at a 7% premium to stock's last close
    ** Funds raised to be used in testing of defence and
aerospace gas turbine, among others - co
    ** Stock hits highest level since April 15    
    ** A3D down 3.5% YTD, as of last close

($1 = 1.5521 Australian dollars)

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