The latest update is out from Micro-X Ltd. ( (AU:MX1) ).
Micro-X Ltd has successfully completed a $2.4 million strategic placement with Billion Prima Sdn Bhd, issuing 26,666,667 ordinary shares at a 15% premium to the last traded price. This investment will support Micro-X’s growth and development in the health and security sectors, with Billion Prima agreeing to hold the shares for at least 12 months, which may strengthen Micro-X’s market position and stakeholder confidence.
More about Micro-X Ltd.
Micro-X Limited is an ASX-listed high-tech company specializing in the development and commercialization of innovative products for global health and security markets. Utilizing proprietary cold cathode, carbon nanotube emitter technology, Micro-X produces x-ray products that are smaller, lighter, and more energy-efficient, enhancing mobility and usability in existing x-ray markets and enabling new security applications. The company operates a fully integrated design and production facility in Adelaide, Australia, and is expanding its US business with a growing team in Seattle. Micro-X’s product portfolio includes mobile digital radiology products for healthcare, military, and veterinary applications, and it is involved in projects with the US Department of Homeland Security and the Australian Government.
YTD Price Performance: -20.0%
Average Trading Volume: 514,502
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$41.09M
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