Micro-X Ltd. ( (AU:MX1) ) has provided an announcement.
Micro-X Ltd announced the completion of its Retail Entitlement Offer, raising approximately $0.62 million, contributing to a total of $6.4 million in new funds from various capital raising initiatives. This financial boost strengthens Micro-X’s balance sheet, supporting its strategic execution in commercial and development products within medical imaging, and highlights the significant shareholder support crucial for the company’s ongoing success.
More about Micro-X Ltd.
Micro-X Limited is an ASX-listed high-tech company specializing in developing and commercializing innovative products for global health and security markets. The company utilizes proprietary cold cathode, carbon nanotube emitter technology to create x-ray products that are smaller, lighter, and more power-efficient. Micro-X’s product portfolio includes mobile digital radiology products for healthcare, military, and veterinary applications, as well as security solutions like next-generation airport checkpoints and a miniature brain CT imager for pre-hospital stroke diagnosis.
YTD Price Performance: -22.50%
Average Trading Volume: 353,633
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$39.81M
See more data about MX1 stock on TipRanks’ Stock Analysis page.