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Mindax Issues 58 Million Unquoted Options to Expand Capital Base

Story Highlights
  • Mindax Limited has issued 58 million unquoted options exercisable at eight cents each.
  • The unquoted options expand Mindax’s capital base and may dilute existing shareholders over time.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mindax Issues 58 Million Unquoted Options to Expand Capital Base

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Mindax Limited ( (AU:MDX) ) has shared an update.

Mindax Limited has notified the market of the issue of 58 million unquoted options, exercisable at $0.08 and expiring on 30 November 2026, under its ASX code MDXAT. The new options, which were previously flagged to the market, will not be quoted on the ASX and represent a significant increase in the company’s unquoted equity securities, potentially affecting capital structure and future dilution for existing shareholders.

The most recent analyst rating on (AU:MDX) stock is a Sell with a A$0.04 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

Average Trading Volume: 81,931

Technical Sentiment Signal: Sell

Current Market Cap: A$91.89M

Learn more about MDX stock on TipRanks’ Stock Analysis page.

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