Australia's Yojee eyes worst day in over a month on discounted placement

Yojee

08/03/2024 02:17

** Shares of Yojee  YOJ.AX  fall as much as 18.2% to
A$0.045, their biggest intraday pct fall since Feb. 5
    ** Software-as-a-service logistics platform co says it has
received firm commitments for placement to raise A$2.55 mln
($1.69 mln)
    ** Second placement to raise A$1 mln at an issue price of
A$0.03 per share, representing a discount of 33.3% to YOJ's last
close
    ** Stock down ~8% YTD

($1 = 1.5117 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))