AVITA Medical Stock Is Moving: Shareholder Votes Put Cash, Warrants and Wound-Care Growth in Focus
AVITA Medical shares rose 0.8% to $4.395 early Friday after stockholders approved board, pay, and financing measures at the June 3 annual meeting. Investors backed equity awards for directors and warrants for Perceptive Credit Holdings. First-quarter revenue increased 4% to $19.3 million. Trading volume was thin, with about 11,500 shares changing hands versus a daily average of 229,000.