Australia's EMVision Medical Devices slips on discounted placement

EMvision Medical Devices

17/09/2025 04:17

** EMVision Medical Devices EMV.AX slips as much as 10.3% to A$2.08; marks biggest one-day percent drop since February 17

** Co receives firm commitments to raise A$12 mln ($8 mln) via placement at A$1.94/share

** Issue price represents 16.4% discount to last close

** Funds will be used to reach major milestones, including commercialisation of co's emu device and supporting FDA submission over FY26 and FY27

** Co launches share purchase plan for eligible shareholders, who will be offered a maximum of A$30,000 worth of SPP shares at A$1.94/share

** Around 203,500 shares traded in stock's busiest day since April 22

** EMV last down 7.3%, paring YTD gains to 13.5%

($1 = A$1.4986)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.SinghChundawat@thomsonreuters.com))