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Micro-X Ltd. ( (AU:MX1) ) has shared an update.
Micro-X Ltd has announced the distribution of its Retail Offer Booklet and Entitlement Forms, as part of a 1 for 10 accelerated non-renounceable entitlement offer. This move is significant for Micro-X as it aims to enhance its financial standing and expand its market presence, particularly in the US where it is rapidly growing its business. The company continues to innovate in the health and security sectors, with ongoing projects including collaborations with the US Department of Homeland Security and the Australian Government’s Medical Research Future Fund.
More about Micro-X Ltd.
Micro-X Limited is an Australian hi-tech company specializing in the development and commercialization of innovative x-ray products for global health and security markets. The company’s proprietary cold cathode, carbon nanotube emitter technology enables the creation of x-ray devices that are smaller, lighter, and require less power, enhancing mobility and usability. Micro-X operates a vertically integrated design and production facility in Adelaide and has an expanding technical and commercial team in Seattle, focusing on the US market. Their product range includes mobile digital radiology solutions for healthcare, military, and veterinary applications, a next-generation airport security checkpoint system, and a miniature brain CT imager for stroke diagnosis, among other innovations.
YTD Price Performance: -11.25%
Average Trading Volume: 494,194
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$48.16M
For a thorough assessment of MX1 stock, go to TipRanks’ Stock Analysis page.
