Australia's Electro Optic Systems slips to near two-month low on discounted placement

Electro Optic Systems Holdings

20/05/2026 02:48

** Shares of Electro Optic Systems EOS.AX fall 9.4% to A$7.99, their lowest level since March 31

** The defence tech manufacturer raises A$175 million at an issue price of A$8 per share

** Issue price represents a discount of 9.3% to stock's last close

** About 3.3 million shares change hands, 1.4x the 30-day average of 2.3 million

** EOS stock down 15.4%, YTD

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))