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Micro-X Ltd. ( (AU:MX1) ) has provided an update.
Micro-X director Patrick O’Brien has increased his indirect shareholding in the company through participation in a shareholder-approved placement. The transaction saw associated entities TLFTC Pty Ltd and Dickens Pty Ltd acquire 2.5 million fully paid ordinary shares at $0.08 per share, lifting TLFTC’s holding to 10.89 million shares plus existing unlisted options while Dickens Pty Ltd’s stake remained unchanged.
The change underscores ongoing insider support for Micro-X’s capital-raising efforts, with the placement having been approved by shareholders in March 2026. The notice confirms there were no disposals of shares, no changes to the director’s interests in contracts, and that the trades did not occur during a closed period requiring prior written clearance.
The most recent analyst rating on (AU:MX1) stock is a Buy with a A$0.16 price target. To see the full list of analyst forecasts on Micro-X Ltd. stock, see the AU:MX1 Stock Forecast page.
More about Micro-X Ltd.
Micro-X Limited is an Australian-listed company operating in the technology and manufacturing sector, though this filing focuses solely on director shareholdings rather than its products or markets. The disclosure relates to changes in equity interests held indirectly by director Patrick O’Brien via associated entities, as required under ASX listing rules.
Average Trading Volume: 348,438
Technical Sentiment Signal: Sell
Current Market Cap: A$39.24M
For detailed information about MX1 stock, go to TipRanks’ Stock Analysis page.