** Shares of Sprintex SIX.AX fall 11.3% to A$0.055, their lowest since March 14
** Technology co announces capital raising of A$3.25 million ($2 million) at A$0.05 per share
** Issue price represents a discount of 19.4% on the stock's last close
** Co says funds to be used to reduce debt, support working capital, and enable expansion into Asia-Pacific and European markets
** About 515,155 shares change hands, 1.7x the 30-day average of 274,131
** Stock down 9.8% YTD, including session's moves
($1 = 1.5896 Australian dollars)
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((JasmeenAraIslam.Shaikh@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.