BUZZ-Australia's Hera Med slips to 3-month low on discounted placement

Reuters
23 Oct 2024

** ASX-listed shares of Hera Med fall as much as 24% to A$0.019, their biggest pct loss since July 31

** Israel-based health tech firm says it has received commitments to raise A$3.1 mln($2.07 mln) via placement of 182.4 mln shares

** Says issue price of A$0.017 is at a 32% discount to the last close

** Around 905,000 shares change hands, 1.8x the 30-day avg

** Stock down 13.8% YTD, including the current session, as of 0147 GMT

($1 = 1.4981 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

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

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