Australia's Opyl rises on commitments to cover share placement shortfall

Pathkey.AI

02/01/2024 03:42

** Shares of Australia's Opyl Ltd  OPL.AX  rise as much as
3.6% to A$0.029, biggest intraday pct jump since Dec. 21
    ** OPL, which provides biopharma and health firms access to
artificial intelligence-assisted technologies, receives firm
commitments for 100% of any potential shortfall under rights
issue
    ** Co says will raise up to A$2.01 mln ($1.4 mln) before
costs at A$0.03 apiece
    ** Issue price at 7.1% premium to closing level of A$0.028
on Dec. 29
    ** OPL up 0.7% in 2023, snapping a two-year losing streak


($1 = 1.4695 Australian dollars)

 (Reporting by Sameer Manekar)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))