BUZZ-Australia's Structural Monitoring Systems jumps on premium placement

Reuters

2025/01/10

** Structural Monitoring Systems SMN.AX gains 4.3% to A$0.490, highest since Dec. 27, 2024

** Electronic products manufacturer gets commitments for A$1.337 mln ($828,405.20) through single-tranche placement

** Issue price of A$0.52 represents 10.6% premium to last close

** Co says proceeds will be used for product development and manufacturing capacity expansion

** Stock fell ~4% last year

($1 = A$1.6139)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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