Australia's SportsHero falls most in 1-1/2 months on discounted placement

SportsHero

29/11/2021 01:21

** Shares of SportsHero Ltd  SHO.AX  fall as much as 7.9% to
A$0.035, set for their worst session since Oct. 11
    ** Sports-focused social media platform raises A$2.8 mln 
($2.00 mln) at an issue price of A$0.035 per share  urn:newsml:reuters.com:*:nFWN2SI035
    ** Issue price represents a 7.9% discount to stock's last
close on Nov. 24; shares were on trading halt on Nov. 25-26 
    ** SHO says funds deployed to market as well as to develop
partnerships with global gaming communities to facilitate user
growth and revenue to scale 
    ** About 3.6 mln shares change hands, 4.4x the 30-day
average volume of 807,248
    ** Stock has risen 15.2% this year, as of last close

($1 = 1.4013 Australian dollars)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))