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Micro-X Ltd. ( (AU:MX1) ) has provided an announcement.
Micro-X Ltd has successfully raised $3.3 million through an institutional placement and entitlement offer, accompanied by a strategic placement with Billion Prima, totaling $5.7 million in funding. This capital will support the company’s strategic shift towards medical imaging, leveraging its NEX technology, and the monetization of its security applications through partnerships, notably with Billion Prima to commercialize a portable baggage and parcel scanner.
More about Micro-X Ltd.
Micro-X Ltd is an Australian high-tech company specializing in cold cathode x-ray technology, serving global health and security markets. The company focuses on developing mobile x-ray and CT products, with a strategic emphasis on medical imaging and baggage and parcel screening technology.
YTD Price Performance: -2.50%
Average Trading Volume: 488,047
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$45.53M
For detailed information about MX1 stock, go to TipRanks’ Stock Analysis page.