NZ's Rua Bioscience falls to over three-month low on discounted capital raising

About this update from Rua Bioscience Ltd.

** Shares of Rua Bioscience Ltd NZX:RUA fall 11.4% to NZ$0.031, its biggest intraday pct loss since December 18, 2024, if current trends hold** Stock marks its lowest level since July 14** Medical cannabis firm to raise up to NZ$2 million ($1.15 million) via 1 for 3 renounceable pro-rata rights offer** Issue price of NZ$0.025 per share represents a 28.6% discount to the stock's last close** Funds to be used for product development and expansion in Germany, Australia, UK and Czechia** About 253,263 shares traded, 1.4x the 30-day average volume** YTD, stock up 6.9%, including current session's move ($1 = 1.7443 New Zealand dollars)

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