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Micro-X Ltd. ( (AU:MX1) ) has issued an announcement.
Micro-X Ltd has issued 18.75 million fully paid ordinary shares at $0.08 per share, expanding its share capital without providing a disclosure document under the fundraising provisions of the Corporations Act. The company has advised that it remains compliant with its financial reporting and continuous disclosure requirements and that there is no excluded or undisclosed information considered material for investors in assessing the company’s financial position, prospects, or the rights attached to the new shares, signalling that the capital raising is being conducted within standard regulatory settings and without additional risk disclosures for stakeholders.
The most recent analyst rating on (AU:MX1) stock is a Hold with a A$0.08 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 Ltd (ASX: MX1) is an Australian-listed company based in the Tonsley Innovation District in South Australia. The company operates in the technology and engineering sector, with its securities traded on the Australian Securities Exchange, and is subject to Australian corporate reporting and continuous disclosure obligations.
Average Trading Volume: 439,157
Technical Sentiment Signal: Buy
Current Market Cap: A$64.87M
For detailed information about MX1 stock, go to TipRanks’ Stock Analysis page.