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An announcement from Micro-X Ltd. ( (AU:MX1) ) is now available.
Micro-X Ltd has announced the opening of its Retail Entitlement Offer, part of a $6.0 million capital raising initiative. This move includes a $2.0 million placement to institutional investors and a $4.0 million entitlement offer, with strategic support from Billion Prima Sdn Bhd. The Retail Entitlement Offer aims to raise $2.7 million, allowing eligible shareholders to purchase new shares at a price of A$0.07. This capital raising is set to enhance Micro-X’s financial position, supporting its ongoing projects and market expansion efforts.
More about Micro-X Ltd.
Micro-X Limited is an ASX listed high-tech company specializing in innovative products for global health and security markets using proprietary cold cathode, carbon nanotube emitter technology. The company offers x-ray products that are smaller, lighter, and require less power, enhancing mobility and usability across various markets. Micro-X has a comprehensive design and production facility in Adelaide, Australia, and a growing presence in the US through its Seattle-based team. Its product portfolio includes mobile digital radiology products for healthcare, military, and veterinary applications, and it is engaged in projects with the US Department of Homeland Security and ARPA-H.
YTD Price Performance: -11.25%
Average Trading Volume: 494,194
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$48.16M
See more data about MX1 stock on TipRanks’ Stock Analysis page.
