Australia's First Graphene slips on discounted placement

First Graphene

11/11/2025 03:48

** First Graphene FGR.AX slips as much as 16.3% to A$0.082, lowest since October 28

** Graphene product maker receives firm commitments to raise A$3.5 mln ($2.3 mln) at A$0.08/share

** Offer price represents 18.4% discount to last close

** Funds will be used to support co's general operating expenses, others

** About 1.3 mln shares traded, 1.1x the 30-day average

** YTD, FGR surges 222.2%

($1 = A$1.5389)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))