Australia's Ostepore hits record low on discounted placement

Osteopore

08/05/2024 04:44

** Shares of Osteopore  OSX.AX  fall as much as 87.1% to an
all-time low of A$0.04
    ** Stock posts its biggest intraday percentage decline ever
    ** Regenerative medicine co said after market-hours on
Tuesday it has raised A$2.9 mln ($1.91 mln) via entitlement
offer at A$0.029 per share
    ** Offer price represents a 90.6% discount on co's last
close
    ** About 1.5 mln shares change hands, compared with the
30-day average volume of around 347,000
    ** Stock up 162.7% YTD, based on last close

($1 = 1.5214 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))