BUZZ-Australia's AML3D slides on discounted placement

Reuters

2024/11/22

** Shares of AML3D AL3.AX fall as much as 13% to A$0.2, hitting their lowest since Nov. 11

** Industrial tech and manufacturing firm receives firm commitments to raise A$30 mln ($19.53 mln) via a placement

** Placement issue price at A$0.19, a 17.4% discount to stock's last closing price

** Co says funds will be used to double its manufacturing capacity in the U.S.

** More than 529,000 shares change hands, 2.1 times the 30-day avg volume of about 246,000 shares

** Stock up 122.9% YTD as of 0010 GMT

($1 = 1.5361 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com))

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