ASX-listed shares of Curvebeam AI falls on discounted placement

Curvebeam AI

05/08/2024 02:18

** ASX-listed shares of Curvebeam AI  CVB.AX  fall as much
as 14.9% to A$0.2, their biggest intraday fall since May 20
    ** Stock at its lowest level since July 9, on track to
record its second straight session of losses, if trend holds
    ** U.S. based Orthopaedic imaging systems maker announces
placement and entitlement offer to raise A$9.9 mln ($6.43 mln)
at an issue price of A$0.18 per Share
    ** Issue price represents a discount of 20.7% to stock's
last closing
    ** Near 57,000 shares change hands as of 0103 GMT, vs 30-day
average volume of 394,920
    ** Stock down 43.4% YTD as of last close


($1 = 1.5408 Australian dollars)

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