Australia's PainChek surges on fundraising for North America expansion

PainChek

22/05/2026 01:47

** Shares of PainChek PCK.AX rise as much as 11.5% to A$0.145, biggest intraday pct gain since May 6

** Stock touches its highest level since May 14

** Medical tech firm says it would raise A$5.5 million ($3.93 million) by issuing unsecured convertible notes

** Says funds will be used to maintain North America expansion momentum

** Stock down 50% YTD

($1 = 1.4004 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))