Cardiex Successfully Raises $6.5 Million Through Entitlement Offer

Tip Ranks
2025.06.24 03:03
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Cardiex Limited has successfully raised $6.5 million through a fully underwritten entitlement offer, which garnered a 50.3% take-up from shareholders. The funds will support the company's operations in the medical technology sector, focusing on vascular health. Cardiex is listed on the Australian Stock Exchange (ASX:CDX) and offers products for hypertension and cardiovascular diseases, utilizing its SphygmoCor® technology.

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CardieX ( (AU:CDX) ) has shared an announcement.

Cardiex Limited announced the successful results of its fully underwritten, non-renounceable pro-rata entitlement offer, raising approximately $4.1 million. Together with a prior institutional placement, the company has secured a total of $6.5 million in funds. The entitlement offer, which was well-supported by shareholders, saw a take-up of approximately 50.3%, with the remaining shares allocated to underwriters. The funds will support Cardiex’s operations and potentially strengthen its position in the medical technology industry.

More about CardieX

Cardiex is a company focused on advancing medical technology in vascular health, offering products such as medical and home health devices and digital solutions for hypertension, cardiovascular disease, and other vascular health disorders. Their products are based on their market-leading SphygmoCor® vascular biomarker technology, and the company is listed on the Australian Stock Exchange (ASX:CDX).

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