Atomo Diagnostics Completes Shortfall Placement

Atomo Diagnostics Limited (ASX: AT1) has successfully completed the remaining $416,611.77 shortfall from its Share Purchase Plan (SPP) through a placement to institutional and sophisticated investors. The Shortfall Placement followed strong interest after the company secured a US$410,000 order from Lumos Diagnostics (ASX: LDX) for its Pascal cassettes to support growing US demand for FebriDx®. The SPP previously raised $272,387.50 via the issue of 14,723,685 shares to existing shareholders, with a further $311,000 raised through a July shortfall placement.

This final placement will see 22,519,555 shares issued at $0.0185 per share along with an equal number of options exercisable at $0.04, expiring on 14 August 2028. Settlement is expected on that date. Joint Lead Managers Bay Financial and GBA Capital advised on the transaction, with fees set at 6% of funds placed. Proceeds will fund working capital and ongoing business objectives. CEO John Kelly thanked shareholders, noting the strengthened capital position for operational progress.

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