February 3, 2021
Micro-X managing director Peter Rowland and South Australian Premier Steven Marshall pose with the Nano (L to R). Source: Tonsley.
Micro-X has received funding commitments of $30.5 million to help expand its US footprint and fast-track new lightweight x-ray products.
The publicly-listed company announced to the Australian Securities Exchange this morning it had received funding commitments totalling $30.5 million for new fully paid shares at 34 cents each. It is also proposing to undertake a share purchase plan to raise a further $2.5 million from existing investors.
The funds will allow the South Australian-based company to open a US office in Seattle to support its Airport Self Service Checkpoint project for the US Department for Homeland Security. The project involves the development of a mobile baggage scanner for airports.