Australia's RLF AgTech falls on discounted placement

RLF AgTech

26/03/2026 23:58

** Shares of Australia's RLF AgTech RLF.AX fall as much as 8.6% to A$0.064, their lowest level since March 20

** Stock set to record its second straight session of losses, if trend holds

** Stock loses 2.1% in the week so far

** Agritech co announces A$4.5 million ($3.10 million) placement at an issue price of A$0.065 per share

** Proceeds will be deployed to fund working capital, others — co

** Issue price at a discount of 7.1% to stock's last closing

** Stock has risen 3% this year, including session moves

($1 = 1.4507 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))