Micro-X Ltd. Issues New Shares to Bolster Expansion

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

Micro-X Limited has announced the issuance of 25,742,859 fully paid ordinary shares to sophisticated and professional investors at a price of $0.07 per share. This move is expected to strengthen the company’s financial position and support its ongoing expansion efforts, particularly in the United States. The announcement reflects Micro-X’s commitment to advancing its presence in global health and security markets through innovative technology and strategic partnerships, such as the collaboration with the US Department of Homeland Security for next-generation airport security checkpoints.

More about Micro-X Ltd.

Micro-X Limited is a high-tech company listed on the ASX, focused on developing and commercializing innovative products for the global health and security markets. The company is known for its proprietary cold cathode, carbon nanotube emitter technology, which enables the production of x-ray products with reduced size, weight, and power requirements. Micro-X operates a vertically integrated design and production facility in Adelaide, Australia, and has a growing presence in the United States.

YTD Price Performance: -13.25%

Average Trading Volume: 519,285

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: A$46.23M

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