Australia's Pure One falls to 3-week low on discounted placement
05/10/2026 03:37
BUZZ-Australia's Pure One falls to 3-week low on discounted placement ** Shares of Australia's Pure One P1E.AX fall as much as 18.8% at A$0.050, headed for their worst session since May 27, 2024, if losses hold
** Stock hits its lowest level since September 15
** The clean energy technology company receives commitments to raise A$1.17 million ($812,097) via equity placement
** Adds that placement for A$0.041 per share, at a 22.6% discount to company's last close
** Adds funds will be used to expand domestic sales, build inventory and as general working capital
** Stock down 44.9% YTD, including sessions' moves
($1 = 1.4407 Australian dollars)
(Reporting by Shravya Marakini in Bengaluru)