The S&P/ASX 200 Index (ASX: XJO) is having a mixed day. In afternoon trade, the benchmark index is down 0.1% to 7,070.9 points.
Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:
Brainchip Holdings Ltd (ASX: BRN)
The Brainchip share price is down 5% to 18.5 cents. This morning, this struggling semiconductor company announced that its co-founder and chief technology officer, Peter Van der Made, will be stepping down at the end of the year.
Healius Ltd (ASX: HLS)
The Healius share price is down 34% to $1.20. This follows the completion of the institutional component of the healthcare company's capital raising. Healius has raised a total of approximately $154 million at $1.20 per new share. The proceeds from the entitlement offer will be used to reduce its net debt and reset its balance sheet with appropriate gearing.
Latin Resources Ltd (ASX: LRS)
The Latin Resources share price is down 8% to 19.25 cents. This is despite the lithium explorer announcing the discovery of a third spodumene occurrence at the Colina Deposit from the 100% owned Salinas Lithium Project in Argentina. Though, it is worth noting that most ASX lithium shares are falling today.
Praemium Ltd (ASX: PPS)
The Praemium share price is down 31% to 40 cents. This investment platform provider's shares have come under pressure today after it released a disappointing trading update at its annual general meeting. Management advised that it expects to post a 20% decline in EBITDA for the first half of FY 2024.
