Micro-X Ltd Completes Retail Entitlement Offer, Strengthening Financial Position

Micro-X Ltd. ( (AU:MX1) ) has provided an announcement.

Micro-X Ltd announced the completion of its Retail Entitlement Offer, raising approximately $0.62 million, contributing to a total of $6.4 million in new funds from various capital raising initiatives. This financial boost strengthens Micro-X’s balance sheet, supporting its strategic execution in commercial and development products within medical imaging, and highlights the significant shareholder support crucial for the company’s ongoing success.

More about Micro-X Ltd.

Micro-X Limited is an ASX-listed high-tech company specializing in developing and commercializing innovative products for global health and security markets. The company utilizes proprietary cold cathode, carbon nanotube emitter technology to create x-ray products that are smaller, lighter, and more power-efficient. Micro-X’s product portfolio includes mobile digital radiology products for healthcare, military, and veterinary applications, as well as security solutions like next-generation airport checkpoints and a miniature brain CT imager for pre-hospital stroke diagnosis.

YTD Price Performance: -22.50%

Average Trading Volume: 353,633

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: A$39.81M

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