Cardiex Secures AU$3.25 million Placement to Propel CONNEQT Pulse US Launch.

Cardiex Limited (ASX: CDX) has successfully raised AU$3.25 million through the placement of 36,111,112 shares at AU$0.09 per share, representing a 9.1% discount to the last closing price. Participants in the placement will receive one free attaching listed option for each share, exercisable at AU$0.20 and expiring on 30 November 2025. Supported by institutional and sophisticated investors, including directors and C2 Ventures Pty Limited (subject to shareholder approval), funds will be utilized for manufacturing, marketing, sales, and scaling supply chain operations for the January 2025 U.S. launch of the CONNEQT Pulse device. Shares issued will rank equally with existing shares, leveraging ASX Listing Rules 7.1 and 7.1A.

Joint Lead Managers Blackpeak Capital and Stralis Capital Partners will receive 6% of the raised amount. This strategic placement bolsters Cardiex’s mission to extend longevity through innovative medical technology solutions.

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