Hydrix Limited (AU:HYD) has released an update.
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Hydrix Limited has announced a significant adjustment to the book value of its investment in Avertix Medical, reducing it by A$1.75 million following Avertix’s recent Series C funding terms and a 100-to-1 reverse stock split. This move brings the total value of Hydrix Ventures’ investment portfolio down to A$3.41 million. The adjustment reflects a recalibrated stock price of US$9.27 per share for Avertix, the developer of the Guardian heart attack alert device.
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