BUZZ-Australia's Pathkey.AI falls on discounted placement** Shares of Pathkey.AI PKY.AX fall as much as 12.5% to A$0.014, on track for their worst session since November 3
** Artificial intelligence company completes A$2.5 million ($1.63 million) placement
** Issue price of A$0.12 per share represents a discount of 25% to the stock's previous close
** Proceeds will be used to accelerate commercial scaling of TrialKey and support adjacent AI-sector acquisition opportunities
** About 2.3 million shares change hands, 1.9 times the 30-day avg
** Stock is down 21.1% YTD, including the session's moves
($1 = 1.5319 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.