Australia's Singular Health rises on premium capital raise

Singular Health

10/05/2023 04:49

** Shares of Singular Health Group Ltd  SHG.AX  rise as much
as 9.6% to A$0.057, set for their best day since April 6, if
gains hold 
    ** Medical technology co receives binding commitment for
further A$400,000 ($271,320.00) investment from Brightstar
Corporation Pty Ltd via a placement 
    ** Says placement is at an issue price of A$0.055 per share
    ** Placement is at a premium of 5.8% to stock's last close 
    ** Co's shares hits highest since May 2
    ** Stock is down 54.8% YTD as of last close 

($1 = 1.4743 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))