Micro-X Ltd. (AU:MX1) has released an update.
Micro-X Ltd. is targeting a raise of around $1 million through a Share Purchase Plan (SPP) Offer, aiming for a potential oversubscription up to $1.5 million. The SPP Offer, priced at $0.095 per share, also includes an incentive of one free attaching new option for every two shares issued, exclusively for eligible shareholders in Australia and New Zealand. Concurrently, the company is offering up to 21,052,632 new options to institutional investors, with shareholder approval pending for a general meeting slated for 29 May 2024.
For further insights into AU:MX1 stock, check out TipRanks’ Stock Analysis page.
