Redflow (ASX:RFX) shares have fallen by 12.1% and currently stand at A$0.255.

Without a rebound, this would mark the worst day for the company since June 15th owing to this downturn.

The energy solutions provider has recently announced that firm commitments have been received to raise a total additional value of A$6.75 million via a placement.

The issue price of A$0.21 per share is a 27.6% discount compared to the stocks last closing price.

Despite the current losses, the stock is still up by around 35% year-to-date, as of last close.

Redflow is an energy solution provider specializing in advanced energy storage solutions.