CardieX Raises $4.33m for CONNEQT
- Health technology company CardieX (CDX) raises $4.33 million under its placement and launches a $1 million share purchase plan (SPP)
- The placement funds were raised through the issue of more than 14.43 million shares to directors, domestic institutions, family offices and sophisticated investors at 30 cents
- Under the SPP, eligible shareholders will be able to subscribe for up to $30,000 worth of shares which will be priced the same as the placement of 30 cents
- The company plans to use the money to support and accelerate new products related to its CONNEQT subsidiary as well as corporate initiatives in the US
- Shares in the companyare down 8.57 per cent on the market and are trading at 32 cents at 12:41 pm AEST
