Acorn Capital Reduces Substantial Holding in Micro-X to 8.72% After Series of Sales

Aakashdeep

12 November 2026 12:24 PM AEDT

Acorn Capital Reduces Substantial Holding in Micro-X to 8.72% After Series of Sales

Image Source: Krish Capital Pty Ltd

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Micro-X Limited (ASX:MX1) has received a notice of change of interests of substantial holder from Acorn Capital Limited, disclosing that its voting power in the company has fallen from 9.74% to 8.72%, representing a reduction from 72,884,701 votes to 65,651,243 votes, following a series of share sales between 10 July 2026 and 10 November 2026.

Key Points

Acorn Capital Limited's voting power in Micro-X decreased from 9.74% (72,884,701 votes) to 8.72% (65,651,243 votes)
The change resulted from 13 separate sale transactions conducted between 10 July 2026 and 10 November 2026
The largest single sale occurred on 30 September 2026, involving 2,417,619 ordinary shares for $145,204.50
Acorn Capital holds its relevant interest as investment manager for various superannuation funds, institutional investor portfolios and unit trusts
The notice was signed by Director Paul Palumbo and dated 12 November 2026

Details of Acorn Capital's Reduced Stake in Micro-X

According to the Form 604 filing lodged with the company, Acorn Capital Limited's relevant interest in Micro-X Limited ordinary shares declined between the previous notice and the present notice. The previous notice recorded 72,884,701 votes representing 9.74% voting power. The present notice records 65,651,243 votes representing 8.72% voting power. The previous notice was given to the company on 10 November 2026, with the change occurring on 30 June 2026. The filing was signed by Paul Palumbo in his capacity as Director of Acorn Capital Limited on 12 November 2026.

Nature of Acorn Capital's Relevant Interest

The filing states that Acorn Capital Limited holds its relevant interest in its capacity as investment manager for various superannuation funds, institutional investor portfolios and unit trusts. In this capacity, Acorn Capital has the power to exercise, or control the exercise of, a right attached to the securities and has the power to dispose of, or control the exercise of a power to dispose of, the securities. The registered holders of the securities include BNY, Northern Trust, BNP Paribas Securities Services Australia Branch, JP Morgan Chase Nominees, and State Street Bank and Trust.

Chronology of Share Sales From July to November 2026

Annexure A to the filing details 13 individual sale transactions conducted by Acorn Capital Limited between 10 July 2026 and 10 November 2026. These included sales of 41,717 shares on 10 July 2026 for $1,375.90; 577,061 shares on 13 July 2026 for $18,455.80; 250,000 shares on 14 July 2026 for $7,995.60; 2,417,619 shares on 30 September 2026 for $145,204.50; 2,340,648 shares on 9 October 2026 for $166,391.71; and 998,000 shares on 9 November 2026 for $30,088.11, among other transactions. All transactions involved ordinary shares in Micro-X Limited.

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