Insights

Here’s why the 4DMedical (ASX:4DX) share price will be on watch today

The 4DMedical Ltd (ASX:4DX) share price will be on watch this morning following a late market announcement yesterday. Here’s the details.
The post Here’s why the 4DMedical (ASX:4DX) share price will be on watch today appeared first on The Motley Fool Australia. –

ASX share price on watch represented by man looking through magnifying glass

The 4DMedical Ltd (ASX:4DX) share price will be on watch this morning. This comes after the company made a late market announcement yesterday regarding a completed share purchase plan (SSP).

Successful completion of SSP

The 4DMedical share price could be on the move today as investors took the time to digest its latest news.

According to yesterday’s release, 4DMedical advised that it has successfully completed its SSP underpinned by strong support.

The company raised $6 million, doubling the original offer of $3 million due to receiving a number of overwhelming applications. In total 1,873 applications were received by existing eligible shareholders, amounting to $32 million of demand.

The offer price of $1.55 per share represents a 10% discount to the last closing 4DMedical share price of $1.72. 4DMecial stated it will scale back applications, taking into consideration the number of shares applied for, and their current holdings.

Over 3.87 million new shares are scheduled to be issued, reflecting 1.33% of the company’s entire ordinary shares on issue. The newly created shares will be allotted on Wednesday 7 April and be available to commence trading the following day.

This follows the recently successful $40 million institutional placement completed on 4 March 2021.

Comments from the CEO

4DMedical founder and CEO, Andreas Fouras, touched on the company’s plan on how to spend the acquired funds. He said:

The proceeds from the placement and SPP, together with the $28.9 million of funding from the MRFF Frontiers initiative, provide 4DMedical with a significantly enhanced capability to execute the long-term commercialisation strategy for XVD Scanners, which will open up an additional revenue stream for the business and drive the adoption of XV LVAS at medical institutions.

The Company now also has balance sheet flexibility to pursue future growth opportunities.

4DMedical share price summary

Over the past 12 months, the 4DMedical share price has increased close to 10% but is down around 30% year-to-date. The company’s shares reached an all-time high of $2.98 late last year.

On valuation grounds, 4DMedical presides a market capitalisation of about $349.6 million, with 203.3 million shares outstanding.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Here’s why the 4DMedical (ASX:4DX) share price will be on watch today appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!