Mindax Enables Secondary Trading of New Share Issue Under Corporations Act Exemption

The latest announcement is out from Mindax Limited ( (AU:MDX) ).

Mindax Limited has issued 4,333,333 fully paid ordinary shares on 11 March 2026, expanding its capital base and notifying the market that these securities were issued without a disclosure document. The company has confirmed that the new shares qualify for secondary trading under section 708A(5) of the Corporations Act, enabling on-sale without further disclosure.

In its notice, Mindax stated it is up to date with its financial reporting and continuous disclosure obligations, and that there is no withheld information material to assessing its financial position or the rights attached to the new securities. This assurance supports market transparency and gives investors confidence that trading in the newly issued shares can occur on an informed basis within the ASX framework.

The most recent analyst rating on (AU:MDX) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Mindax Limited stock, see the AU:MDX Stock Forecast page.

More about Mindax Limited

Mindax Limited is an Australian-listed company whose shares trade on the ASX, positioning it within the broader resources and industrial sector of the local capital markets. The company issues fully paid ordinary shares to support its corporate and funding activities, operating under the Australian Corporations Act and ASX continuous disclosure requirements.

Average Trading Volume: 97,391

Technical Sentiment Signal: Sell

Current Market Cap: A$73.13M

For a thorough assessment of MDX stock, go to TipRanks’ Stock Analysis page.