Australia's IXUP falls on discounted capital raising

Dataworks

29/11/2021 24:42

** Shares of data analytics firm IXUP Ltd  IXU.AX  slide as
much as 6.5% to A$0.145, their lowest since Sept. 22
    ** Co receives commitments to raise A$10 mln ($7.13 mln) via
placement of 71.4 mln shares to fund ongoing commercialisation
efforts for its data collaboration technologies  urn:newsml:reuters.com:*:nASX3TmsWh
    ** Issue price of A$0.14 per share represents a 9.7%
discount to stock's last closing price
    ** New shares represent 8.7% of shares on issue
    ** As of last close, stock up 91.4% this year

($1 = 1.4019 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))