Australia's FOS Capital loses most in over 2-months on discounted placement
09/09/2026 04:33
BUZZ-Australia's FOS Capital loses most in over 2-months on discounted placement ** Shares of Australia's FOS Capital FOS.AX fall as much as 20% to A$0.12, biggest intraday pct fall since June 19
** Stock hits its lowest level since August 28
** The lightning products maker gets firm commitments to raise A$1.86 million ($1.34 million) through a share placement at an issue price of A$0.12 per share
** Issue price represents a discount of 20% to the stock's last closing price on September 4, before the company entered a trading halt
** YTD, stock down 51%, including session's moves
($1 = 1.3847 Australian dollars)
(Reporting by Paridhi Minda in Bengaluru)