Mindax Limited Issues 11 Million Unquoted Options

Tip Ranks
2025.03.10 07:42
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Mindax Limited (AU:MDX) has announced the issuance of 11 million unquoted options, set to expire on November 30, 2025, with an exercise price of $0.07. This move is part of a previously disclosed transaction and is not intended for quotation on the ASX, which may affect the company's capital structure and enhance financial flexibility. The company's current market cap stands at A$77.85 million, with a year-to-date price performance of -5.00%.

The latest update is out from Mindax Limited ( (AU:MDX) ).

Mindax Limited announced the issuance of 11,000,000 unquoted options with an expiration date of November 30, 2025, at an exercise price of $0.07. This issuance is part of a previously announced transaction and is not intended to be quoted on the ASX, potentially impacting the company’s capital structure and providing additional financial flexibility.

More about Mindax Limited

YTD Price Performance: -5.00%

Average Trading Volume: 245,871

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$77.85M

For detailed information about MDX stock, go to TipRanks’ Stock Analysis page.

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