Australia's Wellfully hits over 1-month low on discounted placement

Wellfully

10/10/2022 03:03

** Shares of Wellfully Ltd  WFL.AX  drop as much as 14.3% to
A$0.024, their lowest since Sept 7
    ** The science-based wellness firm announces capital raise
and debt restructure of up to A$2.3 mln ($1.46 mln)  urn:newsml:reuters.com:*:nASXb4Y1ZV
    ** Says placement will comprise a maximum issue of up to
106.7 mln shares at a price of A$0.022 per share representing a
21.4% discount to stock's last close on Oct 5
    ** Stock went on a trading halt on Oct 6, pending
announcement regarding capital raise  urn:newsml:reuters.com:*:nFWN3160J4
    ** Stock posts its biggest intraday pct fall since Sept 14 
    ** More than 570,000 shares change hands, compared with the
30-day average of about 387,000 shares 
    ** Stock down 59.4% this year, as of last close 
($1 = 1.5713 Australian dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))