- CardieX (CDX) has announced a share purchase plan (SPP) and will aim to raise up to $1 million
- Through the offer, the health tech developer will issue up to 20 million new ordinary securities for 5 cents per share
- The company has the right to close the SPP early, scale back applications, or accept amounts above or below the $1 million target
- Under the plan, eligible shareholders will be able to subscribe for up to $30,000 worth of shares without incurring any costs
- In late September, CardieX signed a commercial partnership with technology company Mobvoi to launch a new line of health-focused smartwatches
- Shares in CardieX are down 3.77 percent and are trading at 5.1 cents
