Australia's Swift TV falls on discounted placement
09/06/2026 01:49
BUZZ-Australia's Swift TV falls on discounted placement ** Shares of Australia's Swift TV STV.AX fall as much as 10% to A$0.009, their lowest level since June 3
** The broadcasting services provider secures A$2.33 million ($1.64 million) via placement at an issue price of A$0.008 per share
** Issue price at a discount of 20% to stock's last closing
** Funds from placement support contracted Swift TV deployments, inventory procurement and expansion into new customer sites, Swift says
** STV separately announces a A$2.9 million subscription agreement with Compass Group FOR Chevron's Wheatstone Onshore Facility
** Stock has risen 11.1% this year, as of last close
($1 = 1.4209 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru)