Australia's ImpediMed falls to record low on discounted placement

ImpediMed

04/05/2026 03:55

** Shares of ImpediMed IPD.AX fall as much as 50% to a record low of A$0.007

** Medical technology firm receives firm commitments to raise A$13.2 million ($9.51 million)

** Issue price of A$0.010 per share represents a discount of nearly 29% to the stock's last close

** Proceeds will be used for partial prepayment of the SWK Growth Capital Facility, and others

** About 28.2 million shares change hands, 9.4 times the 30-day avg

** Down 73.5% YTD, including the session's moves

($1 = 1.3881 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com; ))