Australia's Respiri rises on fresh capital to fund acquisitions, US expansion

Vitasora Health

14/12/2023 01:28

** Shares of Respiri Ltd  RSH.AX  rise as much as 12.9% to
A$0.035, their highest since Oct 25
    ** The health software maker says it has raised A$6.5 mln 
($4.36 mln) to fund acquisitions
    ** Co also obtained a binding commitment facility for an
additional A$20 mln from Principal Wealth Group to fund growth
of Remote Patient Monitoring (RPM) business in the U.S.  
    ** Stock set for best day since Nov 28, if gains hold
    ** About 1.3 mln shares change hands, compared with the
30-day average volume of 631,365
    ** RSH stock down 32.6% YTD, as of last close

   ($1 = 1.4923 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))