BUZZ-Australia's 4DS Memory falls to more than 1-year low on discounted placement

Reuters
01-17

** 4DS Memory slides 4.9% to A$0.039, lowest since mid-August, 2023

** Semiconductor developer to raise A$2 mln ($1.2 mln) at issue price of A$0.036 - 10% discount to close on Tuesday, when trading was halted pending capital raise announcement

** Co completed another share placement of A$6 mln at same price

** Stock fell as much as 9.8% earlier in the day, marking its biggest intraday drop since Dec. 20, 2024

** More than 19.1 mln shares traded, 4.5x the 30-day avg

** Stock shed ~42% last year

($1 = A$1.6090)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))

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