Australia's Dotz Nano hits two-week low on discounted share placement

Dotz Nano

30/10/2026 24:31

** Shares of Dotz Nano DTZ.AX fall as much as 18.2% to A$0.018, their biggest one-day pct loss since September 16
** Stock hits its lowest level since October 15
** Industrial nanotechnology developer receives commitments to raise A$2.0 million ($1.41 million) via a placement at A$0.016 per share
** Issue price represents a 27.3% discount to the stock's last closing price on October 26
** Says it will use proceeds to fund the proposed GridFeed transaction and global rollout of its energy optimisation platform 
** YTD, stock down 55%, including the session's moves 

($1 = 1.4221 Australian dollars)

 (Reporting by Paridhi Minda in Bengaluru)
 ((Paridhi.minda@thomsonreuters.com;))