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CardieX ( (AU:CDX) ) has issued an update.
CardieX Limited, a company listed on the Australian Securities Exchange (ASX: CDX), announced a successful capital raise of approximately $2.4 million through the placement of 61 million new shares at $0.04 each. Additionally, the company is launching a non-renounceable entitlement offer to raise around $4.1 million, fully underwritten by Blackpeak Capital Pty Ltd. This financial maneuver is expected to impact shareholder control dynamics, as substantial shareholder C2 Ventures Pty Limited may increase its voting power significantly depending on the uptake of the offer.
More about CardieX
Average Trading Volume: 237,581
Technical Sentiment Signal: Sell
Current Market Cap: A$20.3M
For a thorough assessment of CDX stock, go to TipRanks’ Stock Analysis page.