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Integrated Media Technology falls 18% after direct stock offering

  • Integrated Media Technology (IMTE -17.7%) announces direct offering of 708,000 shares priced at $6.50 per share, compared to its yesterday's close of $9.25.
  • The gross proceeds will be $4.6M in cash.
  • The company says it intends to use the net cash proceeds

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Integrated Media Technology Limited