By Josh Beckerman
Integrated Media Technology Ltd. shares fell 12% to $9.55 after the stock posted three days of gains and the company announced private placements totaling about $3.7 million.
Shares were briefly paused due to volatility at least six times.
The company said it agreed to sell 822,590 shares for $4.50 each. IMTE said its board recently approved a plan for overall fund-raising of up to $20 million, depending on market conditions, for purposes including expansion of its U.S. lamination plant and investing in new projects.
IMTE's operations include manufacturing electronic glass and nano-coated plates, financial research and operating a platform for trading digital assets. In January, the company said it was entering the market of Halal certification and foods.
Write to Josh Beckerman at josh.beckerman@wsj.com
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