Australia's Gratifii falls on discounted placement

Gratifii

25/03/2024 04:39

** Shares of Gratifii  GTI.AX  fall as much as 16.7% to
A$0.005, their lowest since March 19
    ** Customer engagement technology provider completes
fundraise of A$1.6 mln ($1.04 mln) at an issue price of A$0.005
per Share
    ** Issue price represents a 16.7% discount to GTI's last
close
    ** Stock posts its biggest intraday percentage fall since
March 19
    ** About 5.2 mln shares change hands, 4.7x the 30-day avg
volume
    ** Stock down 40% YTD, as of last close 


($1 = 1.5323 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))