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PolarX Ltd ( (AU:PXX) ) has shared an announcement.
PolarX Limited has announced a proposed placement of up to 1,588,794 new fully paid ordinary shares, with the securities to be issued and quoted on the ASX under the company’s existing listing. The capital raising, scheduled for 14 January 2026, is intended to broaden PolarX’s issued capital base and may provide additional financial flexibility for its ongoing activities, with the modest size of the issue suggesting a targeted funding move rather than a major recapitalisation for shareholders to monitor.
The most recent analyst rating on (AU:PXX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on PolarX Ltd stock, see the AU:PXX Stock Forecast page.
More about PolarX Ltd
Average Trading Volume: 3,659,932
Technical Sentiment Signal: Buy
Current Market Cap: A$57.09M
Find detailed analytics on PXX stock on TipRanks’ Stock Analysis page.