Micro-X Ltd. (AU:MX1) has released an update.
Micro-X Ltd. has announced an upcoming issuance of free-attaching unquoted options for shareholders, set to be approved at a shareholder meeting on May 29, 2024. Eligible shareholders will have the opportunity to apply for one new option for every two shares they hold, exercisable at $0.135 each within two years. The options are part of a broader equity raise including a placement with institutional investors and a share purchase plan, all detailed in the company’s recent prospectus.
For further insights into AU:MX1 stock, check out TipRanks’ Stock Analysis page.
