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Lumos Diagnostics Strengthens Market Position with New Share Issuance

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Lumos Diagnostics Strengthens Market Position with New Share Issuance

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Lumos Diagnostics Holdings Ltd. ( (AU:LDX) ) has shared an announcement.

Lumos Diagnostics Holdings Ltd has issued 7,000,000 fully paid ordinary shares following the exercise of options by SBC Global Investment Fund. This issuance was conducted without investor disclosure under the Corporations Act, and the company confirms compliance with relevant legal provisions. This move reflects Lumos’s ongoing efforts to strengthen its financial position and enhance its market presence in the diagnostic technology sector.

More about Lumos Diagnostics Holdings Ltd.

Lumos Diagnostics specializes in rapid, cost-effective, and comprehensive point-of-care diagnostic test technology. The company offers customized assay development and manufacturing services for POC tests, proprietary digital reader platforms, and develops its own branded POC tests targeting infectious and inflammatory diseases.

Average Trading Volume: 6,484,319

Technical Sentiment Signal: Buy

Current Market Cap: A$94.19M

For an in-depth examination of LDX stock, go to TipRanks’ Overview page.

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