New Zealand's TruScreen tumbles on discounted placement

Truscreen

25/05/2026 24:32

** Shares of TruScreen TRU.NZ fall as much as 11.8% to NZ$0.015, their lowest level since July 5, 2024

** On track to mark their worst session since June 10, 2025

** Medical device co announces opening of a NZ$2.9 million ($1.70 million) capital raise

** Issue price of NZ$0.014 per share represents a discount of 17.6% to stock's last close

** About 942,000 shares change hands, 5.5 times the 30-day avg

** Stock down 16.7% YTD, including the session's moves

($1 = 1.7015 New Zealand dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))