CardieX Secures $3.25 Million for US Device Launch

CardieX Limited (AU:CDX) has released an update.

CardieX Limited has successfully raised $3.25 million through a placement of shares to institutional and sophisticated investors, ahead of the US launch of its CONNEQT Pulse device. The funds will be used for manufacturing, marketing, and expanding supply chain operations. The placement was well-received by existing shareholders and new investors, with shares priced at a discount and accompanied by free attaching options.

For further insights into AU:CDX stock, check out TipRanks’ Stock Analysis page.