Australia's K2fly gains most in 4 months on premium placement

K2FLY

01/11/2023 23:42

** Shares of Australian software firm K2fly  K2F.AX  rise as
much as 14.3% to A$0.08, marking their biggest intraday pct gain
since June 22
    ** Stock hits its highest level since Sept. 29
    ** Co says received commitment from major shareholder
Maptek, an Australian innovative software provider, to raise
A$1.0 mln ($641,700.00)
    ** Issue price of A$0.10 per share represents a premium of
42.9% to stock's last close 
    ** Issue of 10 mln shares represents 0.1% of co's free float
of 99.9 mln shares - LSEG data
    ** Stock down 60% YTD, as of last close

($1 = 1.5584 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))