Australia's RocketDNA falls on discounted placement

Rocketdna

03/11/2025 24:32

** Shares of RocketDNA RKT.AX fall as much as 15.8% to A$0.016, hitting their lowest level since October 27

** Stock hits its highest intraday pct loss since February 28

** The technology solutions provider raises A$4 million ($2.60 million) at issue price of A$0.015 per share

** Adds that issue price is at a 21.1% discount to co's last stock

** Stock up 28% this year, including the day's move

($1 = 1.5389 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))