Australia's Osteopore hits near 9-month low on discounted entitlement offer

Osteopore

13/03/2023 24:20

** Shares of Osteopore Ltd  OSX.AX  slump as 13% to A$0.100,
hitting their lowest level since June 30, 2022
    ** The medical technology co announces a non-renounceable
pro-rata entitlement offer to raise about A$2.63 million ($1.74
million) before costs 
    ** Issue price of A$0.085 per new share is at a 26.1%
discount to last close on March 10
    ** Says funds raised to be used to support sales momentum,
among others
    ** Shares post their biggest intraday pct fall since Jan 5
    ** Volumes are 3.9x the 30-day average of 77.219 shares
    ** Stock has fallen 23.3% this year as of last close

    


($1 = 1.5074 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))