Australia's Dotz Nano falls on discounted placement

Dotz Nano

30/07/2024 03:14

** Shares of Dotz Nano  DTZ.AX  fall as much as 23.3% to
A$0.115, set for worst day since March, 2020, if current trend
holds
    ** The nanotechnology co receives commitments to raise
A$2.235 mln ($1.46 mln) at issue price of A$0.10 per share
    ** Co says issue price is at 33% discount to stock's last
close
    ** Stock hits its lowest level since July 18
    ** Stock down 16.7% this year, as of last close

    ($1 = 1.5305 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))