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Micro-X Ltd. ( (AU:MX1) ) just unveiled an update.
Micro-X Ltd has issued 37,250,000 fully paid ordinary shares at $0.08 per share, increasing its capital base through a placement conducted without a prospectus under the exemption provisions of the Corporations Act. The company confirmed it remains compliant with its financial reporting and continuous disclosure obligations and stated there is no undisclosed market-sensitive information that investors would reasonably require, signalling that the capital raising is being carried out within the standard regulatory framework and without hidden risks for existing or new shareholders.
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 technology company based in the Tonsley Innovation District in South Australia, focused on the development and commercialisation of advanced imaging systems built around its proprietary x-ray technologies, targeting applications in medical, security and defence markets.
Average Trading Volume: 439,591
Technical Sentiment Signal: Buy
Current Market Cap: A$58.77M
See more insights into MX1 stock on TipRanks’ Stock Analysis page.