tiprankstipranks
CardieX Secures $1.12M Loan for R&D Initiatives
Company Announcements

CardieX Secures $1.12M Loan for R&D Initiatives

CardieX Limited (AU:CDX) has released an update.

Don't Miss Our Christmas Offers:

CardieX Limited has secured a new R&D Term Loan Facility of $1.12 million from Mitchell Asset Management to support its research and development efforts and working capital needs. The loan, expected to be repaid with future R&D Tax Incentive refunds, brings CardieX’s total outstanding principal to MAM to $2 million. The funds will help the company continue developing medical technologies for cardiovascular and vascular health disorders.

For further insights into AU:CDX stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskCardieX Limited Unveils New Share and Options Prospectus
TipRanks Australian Auto-Generated NewsdeskCardieX Limited Announces New Securities Issuance Plan
TipRanks Australian Auto-Generated NewsdeskCardieX Secures $3.25 Million for US Device Launch
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App