Participants will receive one free-attaching option for every three shares issued, exercisable at 45 cents with expiry one year from issue. This price represents a 14.3 per cent discount to CardieX’s closing price of 35 cents on August 17. The placement funds were raised through the issue of 14,433,337 new fully-paid ordinary shares to directors, domestic institutions, family offices and sophisticated investors at 30 cents each. Health technology company CardieX (CDX) has raised $4.33 million under its placement and launched a $1 million share purchase plan (SPP). Shares in CardieX are down 8.57 per cent on the market and are trading at 32 cents at 12:41 pm AEST.CardieX plans to use the money to support and accelerate new products related to its CONNEQT subsidiary as well as corporate initiatives in the US.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 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.

Health technology company CardieX (CDX) raises $4.33 million under its placement and launches a $1 million share purchase plan (SPP).

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