Australia's Unith slumps most in over 1 week on discounted placement
13/02/2023 02:02
** Shares of Unith Ltd UNT.AX fall as much as 10.3% to
A$0.035, set to mark worst day since Feb. 3
** AI firm says it undertook upsized A$4.5 mln ($3.11
mln)placement to advance ChatGPT-driven conversational AI
** Issue price of A$0.033 represents a 15.3% discount to the
last traded price on Feb. 8
** More than 15.8 mln shares change hands, over 7 times the
30-day average volume
** Stock up 77.3% this year, as of last close
($1 = 1.4482 Australian dollars)
(Reporting by Poonam Behura in Bengaluru)
((Poonam.Behura@thomsonreuters.com;))
Recent news on Unith
See all newsBrief: Unith Says ASIC Grants Extension Of Time To Hold 2026 AGM
Brief: Unith Ltd Says Sytze Voulon Resigns As Chairman
Brief: Unith Announces Alpha Release Of Deva-1 AI Model
Australia's Unith loses most in over six years on discounted placement
Brief: Unith Receives Binding Commitments To Raise A$1 Million Via Placement