Australia's Imagion Biosystems falls on discounted placement

Imagion Biosystems

25/06/2026 02:08

** Shares of Imagion Biosystems IBX.AX fall as much as 13.3% to A$0.013, hitting their lowest level since May 26
** Stock posts its weakest intraday trading session since May 25
** The medical imaging firm to raise A$3.75 million ($2.58 million) via placement at an issue price of A$0.012 per share
** Issue price represents a discount of 19.9% to stock's last close on Monday
** Stock down 48% YTD, including the session's moves

   ($1 = 1.4518 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))