Australia's Codeifai falls on discounted placement

Codeifai

30/07/2025 03:00

** Shares of Codeifai CDE.AX fall 15.4% to A$0.022, on track to lose the most since July 11

** Stock hits lowest level since July 23

** Tech co raises A$2.4 million ($1.56 million) at an issue price of A$0.02 per share, a nearly 23% discount to stock's last close

** About 13.5 mln shares change hands, 1.2x the 30-day average

** Stock up 110% YTD, including moves in current session

($1 = 1.5347 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))