Micro-X Ltd (ASX:MX1) Opens $2.7M Retail Entitlement Offer
Capital Raising Initiative
Micro-X Ltd has initiated a $2.7 million Retail Entitlement Offer, contributing to a total $6.0 million capital raise. The offer allows eligible shareholders to subscribe for new shares at $0.07 each, closing at 5.00pm AEDT on Friday, 28 February 2025.
Strategic Partnership
The capital raising follows Billion Prima Sdn Bhd’s commitment to acquire approximately 4.4% of Micro-X through a $2.4 million strategic placement at $0.09 per share. Funds raised will support Medical Imaging commercial activities, manufacturing, and product development.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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