Micro-X Targets AU$2.7 Million in Retail Component of Entitlement Offer, Shares Fall Past 4%.

MT Newswires Live

02-13

Micro-X (ASX:MX1) is targeting a fundraise of AU$2.7 million via the retail component of its entitlement offer, launched on Thursday, according to a same-day Australian bourse filing.

All eligible shareholders of the firm can apply for one new share for every ten shares held as of the record date on Monday at an issue price of AU$0.07 per new share.

The offer will close on Feb. 28.

Its shares fell past 4% in recent trading on Thursday.

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