Australia's Bridge SaaS rises on capital raise at premium

Bridge SaaS

21/09/2023 06:28

** Shares of Australia's Bridge SaaS  BGE.AX  rise as much
as 19.05% to A$0.025, their highest since Sept. 15
    ** Co says conducting capital raising of A$2.7 mln ($1.7
mln) at an issue price of A$0.03/shr, representing a premium of
43% to stock's last close
    ** Co received commitments from cornerstone investor Proceso
One Pty Ltd, to raise A$312,000 (before costs)
    ** Adds funds to be used to develop the national disability
insurance scheme product & employment services product
    ** As of last close, stock down 88% since listing on Oct. 3,
2022

($1 = 1.5613 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))