MX1 - Extension of Retail Entitlement Offer
| Stock | Micro-X Ltd (MX1.ASX) |
|---|---|
| Release Time | 25 Feb 2025, 10:01 a.m. |
| Price Sensitive | Yes |
Micro-X Extends Retail Entitlement Offer Deadline
- Retail Entitlement Offer closing date extended to 14 March 2025
- Eligible shareholders can apply for 1 new share for every 10 held
- Offer includes a 'top-up' facility for additional new shares
Micro-X Ltd, an Australian hi-tech company, has announced the extension of the closing date for its Retail Entitlement Offer. The offer, which was originally set to close on 13 February 2025, will now remain open until 5:00 pm (Sydney time) on Friday, 14 March 2025. This extension is intended to provide eligible shareholders more time to participate in the offer. Under the Retail Entitlement Offer, all holders of Micro-X shares in Australia and New Zealand (Eligible Shareholders) have the opportunity to apply for 1 new share for every 10 shares they hold as at the Record Date of 7:00 pm (AEDT) on Monday, 10 February 2025. The new shares will be issued at an issue price of A$0.07 per share. The offer also includes a 'top-up' Facility, under which Eligible Shareholders who take up their entitlement in full may also apply for additional new shares representing up to 400% of their entitlement. The revised timetable for the Retail Entitlement Offer is provided, with the key dates being the Offer close on 14 March 2025, settlement on 18 March 2025, and normal trading of the new shares commencing on 21 March 2025. Micro-X is an ASX-listed hi-tech company that develops and commercializes innovative products for global health and security markets, based on its proprietary cold cathode, carbon nanotube (CNT) emitter technology.