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The latest announcement is out from Micro-X Ltd. ( (AU:MX1) ).
Micro-X Ltd. has announced an extension of the closing date for its Retail Entitlement Offer to March 14, 2025, allowing Eligible Shareholders in Australia and New Zealand more time to participate. This offer allows shareholders to apply for one new share for every ten shares held, with the option to apply for additional shares up to 400% of their entitlement. This extension may enhance shareholder participation and potentially strengthen Micro-X’s financial position, supporting its ongoing projects and expansion efforts in the health and security markets.
More about Micro-X Ltd.
Micro-X Limited is an ASX-listed hi-tech company specializing in the development and commercialization of innovative products for global health and security markets. Utilizing proprietary cold cathode, carbon nanotube emitter technology, Micro-X produces x-ray products that are significantly smaller, lighter, and more energy-efficient. The company operates a vertically integrated design and production facility in Adelaide, Australia, and has a growing presence in the US market with a team based in Seattle. Micro-X’s product portfolio includes mobile digital radiology products for healthcare, military, and veterinary applications, and they are involved in projects with the US Department of Homeland Security and ARPA-H.
YTD Price Performance: -15.66%
Average Trading Volume: 592,461
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$44.95M
For a thorough assessment of MX1 stock, go to TipRanks’ Stock Analysis page.