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Imagion Biosystems Ltd. ( (AU:IBX) ) just unveiled an announcement.
Imagion Biosystems has announced the issuance of 17.1 million new shares at 2.92 cents each, following the conversion of 500,000 convertible notes held by Mercer Street Global Opportunity Fund. This move is part of a strategy to reduce debt and improve the company’s balance sheet, reflecting a positive impact on its financial health and potentially strengthening its market position in the healthcare industry.
More about Imagion Biosystems Ltd.
Imagion Biosystems is a company focused on enhancing healthcare outcomes through the early detection of cancer using its proprietary MagSense® imaging technology. The company is developing a non-radioactive and precision diagnostic molecular imaging technology that combines biotechnology and nanotechnology to detect cancer and other diseases with higher specificity.
Average Trading Volume: 11,839,064
Technical Sentiment Signal: Buy
Current Market Cap: A$15.77M
See more insights into IBX stock on TipRanks’ Stock Analysis page.