Australia's Decidr AI Industries falls most in 5 weeks on discounted placement

Decidr AI Industries

06/05/2026 04:45

** Shares of Australia's Decidr AI Industries DAI.AX fall as much as 11.4% to A$0.625, its biggest intraday pct drop since March 30

** Stock touches lowest level since April 27

** Stock on track for third consecutive session of losses, if current trend holds

** The AI platform developer raises A$15 mln ($10.86 million) through placement

** Offer price of A$0.61/share marks 13.5% discount, as of last close on May 4, before it went on a trading halt

** Says placement funds to be used for development of security platforms within its employee data compiler, Sugarwork and other developments

** Stock up 5.2% YTD

($1 = 1.3812 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))