X-ray products designer and developer Micro-X is seeking an $8.8 million equity injection.
Micro-X shares went into a trading halt on Thursday morning as broker Wilsons launched the raising.
The broker was looking to raise $4 million via a placement to investors and another $4.8 million in a one-for-10 rights issue.
Proceeds would be used to commercialise one of the company's products and advance and complete development of others products.
New shares were being offered at 40¢ each, which was a 16.7 per cent discount to the last close.
Wilsons was calling for bids by 10am on Friday.
The company had a $44 million market capitalisation prior to the offer. Its biggest shareholders include managing director Peter Rowland and Thorney Investment Group's TIGA Trading Pty Ltd.
MX1 Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
