Australia's Invion drops to 1-week low on termination of share purchase agreement

Invion

05/03/2025 02:57

** Shares of Invion IVX.AX fall 3.7% to A$0.130, their lowest levels since February 25

** The life sciences co issues a termination notice for the share purchase agreement with Lind Global Fund, dated June 27, 2024

** The agreement is a private placement of A$100,000 ($62,420) every month over 12 months from June 2024

** Co to repay the latest instalment to Lind Global

** Invion stock on track for a third consecutive day of losses

** Stock down 53.6% YTD, including current session's moves

   ($1 = 1.6021 Australian dollars)

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))