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CardieX Limited Announces Proposed Securities Issue to Strengthen Capital Base

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CardieX Limited Announces Proposed Securities Issue to Strengthen Capital Base

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The latest announcement is out from CardieX ( (AU:CDX) ).

CardieX Limited announced a proposed issue of securities, with a total of 101,515,968 ordinary fully paid securities to be issued through a standard pro rata issue and an additional 60,909,580 securities through a placement. This strategic move is expected to enhance the company’s capital base, potentially strengthening its market position and providing additional resources for future growth and development.

More about CardieX

CardieX Limited operates in the medical technology industry, focusing on the development and commercialization of cardiovascular and hypertension monitoring devices. The company is known for its innovative solutions aimed at improving patient outcomes and healthcare efficiency.

Average Trading Volume: 237,581

Technical Sentiment Signal: Sell

Current Market Cap: A$20.3M

Learn more about CDX stock on TipRanks’ Stock Analysis page.

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