Australia's PainChek falls most in week on discounted placement

PainChek

24/06/2022 04:37

** Shares of pain assessment tech developer PainChek Ltd
 PCK.AX  down as much as 12.1% at A$0.029, their biggest
intraday pct fall since June 14
    ** Co to conduct placement of 107.1 mln new shares at
A$0.028/share to raise A$3 mln  urn:newsml:reuters.com:*:nASX4XZ2BH
    ** Offer price at 15.2% discount to last closing price of
A$0.033/ share
    ** Firm also announces A$1.59 mln  ($1.1 mln)entitlement
offer at an issue price of A$0.028/shr 
    ** Shares hit their lowest value since June 16
    ** Almost 604,000 shares change hands, compared with 30-day
average volume of about 525,000 shares
    ** Stock has fallen 37.7% this year, as of last close


($1 = 1.4497 Australian dollars)

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))