Australia's IOUpay at 4-month lows on share purchase plan

Ovanti

14/11/2022 02:57

** IOUpay Ltd' shares  IOU.AX  fall as much as 14.3% to
A$0.048, lowest since July 4
    ** Financial tech firm announces share purchase plan to
raise A$1.0 mln ($668,300) at A$0.045/shr  urn:newsml:reuters.com:*:nASX4sV7ch
    ** Price represents a 19.6% discount to last close of
A$0.056
    ** Says funds to expand BNPL portfolio and for general
corporate purposes
    ** Stock marks its biggest intraday pct fall since Aug. 1  
    ** Stock last down 10.7%, extending YTD losses to ~68%
 
 ($1 = 1.4963 Australian dollars)
 (Reporting by Nausheen Thusoo)
 ((Nausheen.Thusoo@thomsonreuters.com;))