Australia's Imricor Medical Systems slips on discounted placement

Imricor Medical Systems,

04/05/2026 06:06

** Shares of Imricor Medical Systems IMR.AX fall as much as 6.3% to A$1.85, their lowest level since April 14

** On track to mark worst session since April 22

** Medical device developer receives firm commitments to raise A$60 million ($43.24 million) via placement

** Offer price of A$1.85 represents a 6.3% discount to its last close

** Proceeds will be used to accelerate Imricor’s growth strategy, including launching NorthStar in the U.S., and others, co says

** Up 22.6% YTD, including session's moves

($1 = 1.3877 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)

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