** Shares Micro-X MX1.AX fall 8.2% to A$0.071, their lowest level since December 16

** Shares of co set for four sessions of consecutive gains - if current trends hold

** Medical equipment maker says it has raised A$3.3 mln ($2.06 mln) from institutional placement and entitlement offer

** Offer at an issue price A$0.07/shr represents a 9.1% discount as of the last trading day

** Says funds are to be used for focusing on medical imaging products, others

** Stock fell as much as 9% earlier in the day, marking its worst intraday drop since October 29, 2024

** Stock last month fell by 7.1%

($1 = 1.5987 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))