** Shares of Australia's Alpha HPA A4N.AX fall as much as 12.1% to A$0.743, their lowest level since December 29, 2025

** Stock on track for worst session since late-October, 2023; snaps six-week winning streak

** Specialty material and technology co completes A$225 million ($157.50 million) capital raise through placement

** Issue price of A$0.75 per share represents a discount of 11.2% to the stock's last close

** About 6.2 million shares change hands, 3x the 30-day avg

** Stock down 3.2% in January

($1 = 1.4286 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com; ))