Australia's Curvebeam AI hits 8-week low on discounted placement

Curvebeam AI

29/09/2025 03:20

** Shares of Curvebeam AI CVB.AX fall as much as 16.4% to A$0.092, their lowest level since August 4

** Stock posts its biggest intraday pct loss since September 4

** Medical equipment manufacturer receives firm commitment to raise A$6.5 million ($4.26 million) via single tranche placement

** Issue price of A$0.09 per share represents a discount of 18.2% to stock's last close

** Funds will be used for sales and marketing of HiRise, a CT scanner for orthopaedic imaging

** About 581,100 shares change hands, 1.6x the 30-day average

** YTD, stock down 30.5%, including current session's move

($1 = 1.5263 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))