BUZZ-Australia's Archer Materials falls on discounted placement

IonQ, Inc.
Anixter International Inc.

IonQ, Inc.

IONQ

0.00

Anixter International Inc.

AXE

0.00

** Shares of Australia's Archer Materials AXE.AX down as much as 8.1% to A$0.285, hitting lowest level since May 8

** Stock posts its biggest pct loss since June 16

** Quantum technology co completes A$7 million ($4.86 million) two-tranche placement of 25.9 million new shares

** Issue price of A$0.27 per share represents a discount of 12.9% to stock's last close on June 30

** Co intends to undertake non-underwritten share purchase plan to raise up to A$3 million, at same offer price as placement

** Says funds will be used to support IonQ IONQ.N partnership, develop biochip and advanced materials technologies

** Stock down nearly 8% so far this week

** Stock down 14.71% YTD


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