Food4 thought
Regular
Does any one know if we are still working with onsemi
BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
Rskiff
Regular
Does BRN?
Couldn't agree more.Happy to agreeably disagree with you on this Eski.
I think Antonio is exactly the sort of smooth talkin', connected and "known in the right places" kind of guy with just the skill set we require and I also think he admirably compliments Sean's weakness's most exemplified by his often abominable presentation skills.
I certainly take on an argument about results achieved so far and am somewhat disgruntled that the executive remuneration hasn't been more closely aligned with the share holder's main barometer of success.
It feels somewhat as if we have been stringed along paying them all very handsomely for results we "thought" where just around the corner, and maybe they truly believed that at the time?
But this recent talk of a possible nearish future redomicile has really put the cat amongst the pigeons and their somewhat ham fisted way of trying to jam this particular Genie back in her bottle has misfired.
I've been "in" for coming up to ten years now and after piling all that wood on the fire am getting antsy for a glow.
Not exactly spewen' at this stage and know I can pull that trigger most weekdays 10-4pm but frankly, I'm not gonna wait another ten years getting diluted and probably consolidated out of existence.
We've been shown the technical roadmap.
Time to see some idea of the commercial strategy.
I personally, am not keen on providing funds for just more of the same, hoping it's gonna work at some point in time.
In my view we are paying them handsomely enough for more than just, more of the same.
Btw the latest newsletter is nothing but an empty read. Why bother sending this out to SH, when there's absolutely nothing exciting to report. FFS
Scaling AI to billions of people isn't feasible in our lifetimes if we solely rely on CMOS architecture, since we've hit fundamental limits in energy efficiency in joules per flop. | Andrew Côté
Scaling AI to billions of people isn't feasible in our lifetimes if we solely rely on CMOS architecture, since we've hit fundamental limits in energy efficiency in joules per flop. New substrates are coming - silicon photonics, neuromorphic, analog, thermodynamic computing paradigms. There are...
Can someone with a lot more knowledge than me write a comment about Brainchip and neuromorphic on this link, pretty please
Kingkong2015
Regular
Nintendo switch 2 is out. Is brainchip in it ?
See Page 7 of the 2025 Investor Update:
" LLM market is cloud based but is expected to be deployed on the Edge in the future".
" Combining classical Edge AI with LLMs on the Edge is expected to have explosive growth".
" Autonomy through edge AI combined with agentic LLM is expected to be deployed in mobility and robotic products at scale"
PowerPoint Presentation
" LLM market is cloud based but is expected to be deployed on the Edge in the future".
" Combining classical Edge AI with LLMs on the Edge is expected to have explosive growth".
" Autonomy through edge AI combined with agentic LLM is expected to be deployed in mobility and robotic products at scale"
PowerPoint Presentation
Bravo
If ARM was an arm, BRN would be its biceps💪!
Bravo's BrainChip Shareholder Update - July 2025 Special Edition
Dear Valued Shareholder,
As we venture boldly into the unknown, or more specifically Q3 of what we believe is shaping up to be a fiscal year of evolutionary activations, we are thrilled to share some invigoratingly yet relatively non-specific updates on BrainChip’s trajectory as a global neuromorphic thought leader in the edge-AI space.
While we cannot disclose specifics for reasons that are both strategic and possibly even non-existent, we can confirm with complete confidence that momentum continues to build. We’ve received strong signals from partners, customers, and Wi-Fi routers alike, all pointing in the same general direction - forward.
We are in active discussions with multiple entities across diverse verticals - including automotive, health-tech, security, doorbells, possibly agriculture, and even a gentleman named Barry who has very firm opinions about small language models that can run on a toaster. These engagements are at various stages, ranging from “preliminary interest” to “unsolicited emails.”
The board continues to evaluate multiple opportunities that align with our vision, roadmap, philosophical worldview, and, most importantly, the laws of physics.
Our financial position remains just that... in position.
In closing, we thank you for your continued support, and we hope that you'll stay the course with us on the bus and try to stay seated.
Dear Valued Shareholder,
As we venture boldly into the unknown, or more specifically Q3 of what we believe is shaping up to be a fiscal year of evolutionary activations, we are thrilled to share some invigoratingly yet relatively non-specific updates on BrainChip’s trajectory as a global neuromorphic thought leader in the edge-AI space.
While we cannot disclose specifics for reasons that are both strategic and possibly even non-existent, we can confirm with complete confidence that momentum continues to build. We’ve received strong signals from partners, customers, and Wi-Fi routers alike, all pointing in the same general direction - forward.
We are in active discussions with multiple entities across diverse verticals - including automotive, health-tech, security, doorbells, possibly agriculture, and even a gentleman named Barry who has very firm opinions about small language models that can run on a toaster. These engagements are at various stages, ranging from “preliminary interest” to “unsolicited emails.”
The board continues to evaluate multiple opportunities that align with our vision, roadmap, philosophical worldview, and, most importantly, the laws of physics.
Our financial position remains just that... in position.
In closing, we thank you for your continued support, and we hope that you'll stay the course with us on the bus and try to stay seated.
Last edited:
Fullmoonfever
Top 20
What....this bus where friendly long term holders welcome new holders on board for the ride
Growth Strategy and Future Prospects of BrainChip – CanvasBusinessModel.com
Dec'24 article - good read.
Dec'24 article - good read.
Frangipani
Top 20
Like many of us BRN shareholders, I received the monthly email newsletter in my inbox today, and it really makes you wonder whether its first paragraph includes some kind of GenAI hallucination when it says:
(…)
Where and when did this allegedly happen?
I can neither recall our CMO Steve Brightfield announcing we were now working with Bospar Public Relations & Marketing (first time I heard this agency’s name was in this very newsletter, see above) nor our CFO Ken Scarince announcing Lancaster Grove Capital as “our new agency of record” (?? whatever that is supposed to mean?). Didn’t the info about Lancaster Grove Capital (“Unlocking Potential for Undervalued ASX Companies”) just show up on the BrainChip website the other day without any accompanying announcement on social media channels?
Another claim in the newsletter also had me scratching my head:
While it is true that a new Investor Presentation in the form of a PDF document was recently uploaded to that Investor Relations site…
… the Overview section is unfortunately not up to date, with the Frontgrade Gaisler IP license signed in mid-December 2024 missing. Also, VORAGO is still listed as a marquee brand, even though it has mysteriously disappeared from the list of BrainChip customers both on our redesigned website as well as in the latest company presentations (cf. the above May 2025 Investor Update as well as our CTO’s 2025 Embedded Vision Summit presentation).
Not to mention that sentence’s awkward grammar?
In addition, Tony Dawe remains listed as the IR contact person under FAQ, even though on Wednesday, he shared on LinkedIn that from next week on he will no longer be working for our company, as his position has been made redundant.
Another thing I noticed on the Investor Relations webpage is that under “Stock”, you can select either BRCHF (OTCQX market in the US) or BRN.
investor.brainchip.com
I obviously expected to find a similar BRN (ASX) chart to the one found on HC…
… so I was rather surprised to discover the following chart instead:
What does this chart signify? Does anyone know whether it has been on our IR page for some time already or is it new?
According to Investopedia, FPO means “Follow-on Public Offer”:
www.investopedia.com
By
JULIA KAGAN
Updated February 03, 2025
Reviewed by
ANDY SMITH
Investopedia / Laura Porter
Proceeds from the sale go to the company issuing the stock. Similar to an IPO, companies that want to execute a follow-on public offer must fill out Securities and Exchange Commission (SEC) documents.
This capital can be used for different purposes. Among the primary reasons behind any new issuance of stock is to pay off existing debt or fund growth through:
The funds raised during an FPO are most frequently allocated to reduce debt or change a company’s capital structure. The infusion of cash is good for the long-term outlook of the company, and thus, is also good for its shares.
In many cases, these shareholders are company founders, members of the board of directors, or pre-IPO investors. Since no new shares are issued, the company’s EPS remains unchanged. Non-diluted follow-on offerings are also called secondary market offerings.
ATM offerings are sometimes referred to as controlled equity distributions because of their ability to sell shares into the secondary trading market at the current prevailing price.
Some companies that have completed follow-on public offerings in 2024 include Longboard Pharmaceuticals, with an issuance of 10 million shares valued at $210 million, and Cyngn, with an issuance of 12.42 million shares valued at about $20 million.12
Existing shareholders may also participate in the FPO; either by purchasing additional shares or selling some of their existing ones. FPOs are a way for companies to tap into the capital markets and raise additional funds without taking on debt.
Are they preparing another institutional placement like with Unified Capital Partners or another share purchase plan for existing shareholders?
But then, why don’t the shares of last year’s institutional placement or the share purchase plan offered to existing shareholders with a registered address in Australia or New Zealand (published in July 2024) show up the yearly chart?
Or could this hint at an upcoming non-dilutive FPO, meaning existing private shares by eg. substantial shareholders will be sold publicly?
In many cases, these shareholders are company founders, members of the board of directors, or pre-IPO investors. Since no new shares are issued, the company’s EPS remains unchanged. Non-diluted follow-on offerings are also called secondary market offerings.”
Any thoughts on this?
BrainChip Sets Sights on the Future
mailchi.mp
(…)
Where and when did this allegedly happen?
I can neither recall our CMO Steve Brightfield announcing we were now working with Bospar Public Relations & Marketing (first time I heard this agency’s name was in this very newsletter, see above) nor our CFO Ken Scarince announcing Lancaster Grove Capital as “our new agency of record” (?? whatever that is supposed to mean?). Didn’t the info about Lancaster Grove Capital (“Unlocking Potential for Undervalued ASX Companies”) just show up on the BrainChip website the other day without any accompanying announcement on social media channels?
Another claim in the newsletter also had me scratching my head:
While it is true that a new Investor Presentation in the form of a PDF document was recently uploaded to that Investor Relations site…
… the Overview section is unfortunately not up to date, with the Frontgrade Gaisler IP license signed in mid-December 2024 missing. Also, VORAGO is still listed as a marquee brand, even though it has mysteriously disappeared from the list of BrainChip customers both on our redesigned website as well as in the latest company presentations (cf. the above May 2025 Investor Update as well as our CTO’s 2025 Embedded Vision Summit presentation).
Not to mention that sentence’s awkward grammar?
In addition, Tony Dawe remains listed as the IR contact person under FAQ, even though on Wednesday, he shared on LinkedIn that from next week on he will no longer be working for our company, as his position has been made redundant.
Another thing I noticed on the Investor Relations webpage is that under “Stock”, you can select either BRCHF (OTCQX market in the US) or BRN.
BrainChip Investor Portal
investor.brainchip.com
I obviously expected to find a similar BRN (ASX) chart to the one found on HC…
… so I was rather surprised to discover the following chart instead:
What does this chart signify? Does anyone know whether it has been on our IR page for some time already or is it new?
According to Investopedia, FPO means “Follow-on Public Offer”:
Follow-on Public Offer (FPO): Definition and How It Works
A follow-on public offer is an issuance of additional shares by a public company that is already listed on an exchange.
Follow-on Public Offer (FPO): Definition and How It Works
By
JULIA KAGAN
Updated February 03, 2025
Reviewed by
ANDY SMITH
Investopedia / Laura Porter
What Is a Follow-on Public Offer (FPO)?
A follow-on public offer (FPO) is the issuance of new shares by a public company after its initial public offering (IPO). As such, FPOs mean that additional shares are offered to the public by companies that are already listed on exchanges. Follow-on public offerings, which are also known as secondary offerings, are generally used by companies to raise additional capital for their growth.KEY TAKEAWAYS
- A follow-on public offer is the additional issuance of a company’s shares after its initial public offering.
- Companies usually announce FPOs to raise equity or reduce debt.
- The two main types of FPOs are dilutive, meaning new shares are added, and non-dilutive, meaning existing private shares are sold publicly.
- An at-the-market offering is a type of FPO by which a company can offer secondary public shares on any given day, usually depending on the prevailing market price, to raise capital.
How Follow-on Public Offers (FPOs) Work
Public companies can complete an FPO by offering additional shares on the open market. They can also take advantage of an FPO through an offer document. FPOs allow publicly traded companies to raise additional capital by issuing and selling new shares via a stock exchange.Proceeds from the sale go to the company issuing the stock. Similar to an IPO, companies that want to execute a follow-on public offer must fill out Securities and Exchange Commission (SEC) documents.
This capital can be used for different purposes. Among the primary reasons behind any new issuance of stock is to pay off existing debt or fund growth through:
- Research and development (R&D)
- Releasing new products and services
- Targeting new markets
FAST FACT
Unlike an FPO, an IPO occurs when a private company issues shares to the public for the very first time through a stock exchange.Types of Follow-on Public Offers (FPOs)
There are two main types of follow-on public offers. Dulutive and non-dilutive.Diluted Follow-on Offering
The first type of FPO is dilutive to investors, as the company’s board of directors agrees to increase the share float level or the number of shares available. This kind of follow-on public offering seeks to raise money to reduce debt or expand the business, increasing the number of shares outstanding and decreasing the earnings per share (EPS) decrease.The funds raised during an FPO are most frequently allocated to reduce debt or change a company’s capital structure. The infusion of cash is good for the long-term outlook of the company, and thus, is also good for its shares.
Non-Diluted Follow-on Offering
The other type of follow-on public offer is non-dilutive. This approach is useful when directors or substantial shareholders sell off privately held shares. Cash proceeds from non-diluted sales go directly to the shareholders placing the stock into the open market.In many cases, these shareholders are company founders, members of the board of directors, or pre-IPO investors. Since no new shares are issued, the company’s EPS remains unchanged. Non-diluted follow-on offerings are also called secondary market offerings.
At-the-Market (ATM) Offering
An at-the-market (ATM) offering gives the issuing company the ability to raise capital as needed. If the company is not satisfied with the available price of shares on a given day, it can refrain from offering shares.ATM offerings are sometimes referred to as controlled equity distributions because of their ability to sell shares into the secondary trading market at the current prevailing price.
Follow-on Public Offerings (FPOs) in the Market
Follow-on offerings are common in the investment world. They provide an easy way for companies to raise equity that can be used for common purposes. Companies announcing secondary offerings may see their share price fall as a result. Shareholders often react negatively to secondary offerings because they dilute existing shares, and many are introduced below market prices.Some companies that have completed follow-on public offerings in 2024 include Longboard Pharmaceuticals, with an issuance of 10 million shares valued at $210 million, and Cyngn, with an issuance of 12.42 million shares valued at about $20 million.12
What Are the Benefits of Follow-on Public Offers?
There are several reasons why a public company will choose to raise more equity. For example, they might use the proceeds to pay off debt and improve their debt-to-value (DTV) ratio, or they can use the funds to improve the company’s growth by financing new projects.What Are the Advantages of At-the-Market Offerings?
At-the-market offerings have several advantages, including minimal market impact. Businesses can raise capital quickly without having to announce the offering. ATM offerings are also typically sold for less than traditional follow-on offerings, and they require minimal management involvement.What Are the Disadvantages of ATM Offerings?
ATM offerings tend to be smaller than traditional follow-on offerings, so if a business is looking to raise a large amount of capital, this may not be the best method. In addition, the price may fluctuate depending on the market.The Bottom Line
An FPO is typically done when the company wants to fund new projects or expansions, pay off debt, or increase its working capital. There are two main types of FPOs, dilutive and non-dilutive. The shares are offered at a fixed price to the public through a book-building process, with the proceeds going directly to the company.Existing shareholders may also participate in the FPO; either by purchasing additional shares or selling some of their existing ones. FPOs are a way for companies to tap into the capital markets and raise additional funds without taking on debt.
Are they preparing another institutional placement like with Unified Capital Partners or another share purchase plan for existing shareholders?
But then, why don’t the shares of last year’s institutional placement or the share purchase plan offered to existing shareholders with a registered address in Australia or New Zealand (published in July 2024) show up the yearly chart?
Or could this hint at an upcoming non-dilutive FPO, meaning existing private shares by eg. substantial shareholders will be sold publicly?
“Non-Diluted Follow-on Offering
The other type of follow-on public offer is non-dilutive. This approach is useful when directors or substantial shareholders sell off privately held shares. Cash proceeds from non-diluted sales go directly to the shareholders placing the stock into the open market.In many cases, these shareholders are company founders, members of the board of directors, or pre-IPO investors. Since no new shares are issued, the company’s EPS remains unchanged. Non-diluted follow-on offerings are also called secondary market offerings.”
Any thoughts on this?
Last edited:
Fullmoonfever
Top 20
This is how I have generally viewed shares on ASX and suspect that will be the FPO on that chart you posted.Like many of us BRN shareholders, I received the monthly email newsletter in my inbox today, and it really makes you wonder whether its first paragraph includes some kind of GenAI hallucination when it says:
BrainChip Sets Sights on the Future
mailchi.mp
View attachment 86420
(…)
View attachment 86421
Where and when did this allegedly happen?
I can neither recall our CMO Steve Brightfield announcing we were now working with Bospar Public Relations & Marketing (first time I heard this agency’s name was in this very newsletter, see above) nor our CFO Ken Scarince announcing Lancaster Grove Capital as “our new agency of record” (?? whatever that is supposed to mean?). Didn’t the info about Lancaster Grove Capital (“Unlocking Potential for Undervalued ASX Companies”) just show up on the BrainChip website the other day without any accompanying announcement on social media channels?
Another claim in the newsletter also had me scratching my head:
View attachment 86422
While it is true that a new Investor Presentation in the form of a PDF document was recently uploaded to that Investor Relations site…
… the Overview section is unfortunately not up to date, with the Frontgrade Gaisler IP license signed in mid-December 2024 missing. Also, VORAGO is still listed as a marquee brand, even though it has mysteriously disappeared from the list of BrainChip customers both on our redesigned website as well as in the latest company presentations (cf. the above May 2025 Investor Update as well as our CTO’s 2025 Embedded Vision Summit presentation).
Not to mention that sentence’s awkward grammar?
View attachment 86423
In addition, Tony Dawe remains listed as the IR contact person under FAQ, even though on Wednesday, he shared on LinkedIn that from next week on he will no longer be working for our company, as his position has been made redundant.
View attachment 86424
Another thing I noticed on the Investor Relations webpage is that under “Stock”, you can select either BRCHF (OTCQX market in the US) or BRN.
BrainChip Investor Portal
View attachment 86425
I obviously expected to find a similar BRN (ASX) chart to the one found on HC…
View attachment 86426
… so I was rather surprised to discover the following chart instead:
View attachment 86427
What does this chart signify? Does anyone know whether it has been on our IR page for some time already or is it new?
According to Investopedia, FPO means “Follow-on Public Offer”:
Follow-on Public Offer (FPO): Definition and How It Works
A follow-on public offer is an issuance of additional shares by a public company that is already listed on an exchange.
Follow-on Public Offer (FPO): Definition and How It Works
By
JULIA KAGAN
Updated February 03, 2025
Reviewed by
ANDY SMITH
Investopedia / Laura Porter
What Is a Follow-on Public Offer (FPO)?
A follow-on public offer (FPO) is the issuance of new shares by a public company after its initial public offering (IPO). As such, FPOs mean that additional shares are offered to the public by companies that are already listed on exchanges. Follow-on public offerings, which are also known as secondary offerings, are generally used by companies to raise additional capital for their growth.
KEY TAKEAWAYS
- A follow-on public offer is the additional issuance of a company’s shares after its initial public offering.
- Companies usually announce FPOs to raise equity or reduce debt.
- The two main types of FPOs are dilutive, meaning new shares are added, and non-dilutive, meaning existing private shares are sold publicly.
- An at-the-market offering is a type of FPO by which a company can offer secondary public shares on any given day, usually depending on the prevailing market price, to raise capital.
How Follow-on Public Offers (FPOs) Work
Public companies can complete an FPO by offering additional shares on the open market. They can also take advantage of an FPO through an offer document. FPOs allow publicly traded companies to raise additional capital by issuing and selling new shares via a stock exchange.
Proceeds from the sale go to the company issuing the stock. Similar to an IPO, companies that want to execute a follow-on public offer must fill out Securities and Exchange Commission (SEC) documents.
This capital can be used for different purposes. Among the primary reasons behind any new issuance of stock is to pay off existing debt or fund growth through:
- Research and development (R&D)
- Releasing new products and services
- Targeting new markets
FAST FACT
Unlike an FPO, an IPO occurs when a private company issues shares to the public for the very first time through a stock exchange.
Types of Follow-on Public Offers (FPOs)
There are two main types of follow-on public offers. Dulutive and non-dilutive.
Diluted Follow-on Offering
The first type of FPO is dilutive to investors, as the company’s board of directors agrees to increase the share float level or the number of shares available. This kind of follow-on public offering seeks to raise money to reduce debt or expand the business, increasing the number of shares outstanding and decreasing the earnings per share (EPS) decrease.
The funds raised during an FPO are most frequently allocated to reduce debt or change a company’s capital structure. The infusion of cash is good for the long-term outlook of the company, and thus, is also good for its shares.
Non-Diluted Follow-on Offering
The other type of follow-on public offer is non-dilutive. This approach is useful when directors or substantial shareholders sell off privately held shares. Cash proceeds from non-diluted sales go directly to the shareholders placing the stock into the open market.
In many cases, these shareholders are company founders, members of the board of directors, or pre-IPO investors. Since no new shares are issued, the company’s EPS remains unchanged. Non-diluted follow-on offerings are also called secondary market offerings.
At-the-Market (ATM) Offering
An at-the-market (ATM) offering gives the issuing company the ability to raise capital as needed. If the company is not satisfied with the available price of shares on a given day, it can refrain from offering shares.
ATM offerings are sometimes referred to as controlled equity distributions because of their ability to sell shares into the secondary trading market at the current prevailing price.
Follow-on Public Offerings (FPOs) in the Market
Follow-on offerings are common in the investment world. They provide an easy way for companies to raise equity that can be used for common purposes. Companies announcing secondary offerings may see their share price fall as a result. Shareholders often react negatively to secondary offerings because they dilute existing shares, and many are introduced below market prices.
Some companies that have completed follow-on public offerings in 2024 include Longboard Pharmaceuticals, with an issuance of 10 million shares valued at $210 million, and Cyngn, with an issuance of 12.42 million shares valued at about $20 million.12
What Are the Benefits of Follow-on Public Offers?
There are several reasons why a public company will choose to raise more equity. For example, they might use the proceeds to pay off debt and improve their debt-to-value (DTV) ratio, or they can use the funds to improve the company’s growth by financing new projects.
What Are the Advantages of At-the-Market Offerings?
At-the-market offerings have several advantages, including minimal market impact. Businesses can raise capital quickly without having to announce the offering. ATM offerings are also typically sold for less than traditional follow-on offerings, and they require minimal management involvement.
What Are the Disadvantages of ATM Offerings?
ATM offerings tend to be smaller than traditional follow-on offerings, so if a business is looking to raise a large amount of capital, this may not be the best method. In addition, the price may fluctuate depending on the market.
The Bottom Line
An FPO is typically done when the company wants to fund new projects or expansions, pay off debt, or increase its working capital. There are two main types of FPOs, dilutive and non-dilutive. The shares are offered at a fixed price to the public through a book-building process, with the proceeds going directly to the company.
Existing shareholders may also participate in the FPO; either by purchasing additional shares or selling some of their existing ones. FPOs are a way for companies to tap into the capital markets and raise additional funds without taking on debt.
Are they preparing another institutional placement like with Unified Capital Partners or another share purchase plan for existing shareholders?
But then, why don’t the shares of last year’s institutional placement or the share purchase plan offered to existing shareholders with a registered address in Australia or New Zealand (published in July 2024) show up the yearly chart?
Or could this hint at an upcoming non-dilutive FOP, meaning existing private shares by eg. substantial shareholders will be sold publicly?
“Non-Diluted Follow-on Offering
The other type of follow-on public offer is non-dilutive. This approach is useful when directors or substantial shareholders sell off privately held shares. Cash proceeds from non-diluted sales go directly to the shareholders placing the stock into the open market.
In many cases, these shareholders are company founders, members of the board of directors, or pre-IPO investors. Since no new shares are issued, the company’s EPS remains unchanged. Non-diluted follow-on offerings are also called secondary market offerings.”
Any thoughts on this?
Ordinary shares are the most common type of shares and the full name is fully paid ordinary share or FPO. You may see this abbreviation after the name of the share when you search on your broker's website. Generally, when investors talk about shares, you can assume that they mean ordinary shares.
Types of Shares: Ordinary, Preference, Contributing, and Options – Fundsquire
If you are investing in the share market it is important to understand the difference between types of shares. Ordinary sharesOrdinary shares are the most
fundsquire.com.au
Frangipani
Top 20
On a brighter note, BrainChip will be attending four large-scale events later this month:
We’d already found out about three of the four events prior to the newsletter release. Here is some more info about the fourth one, the Living Planet Symposium in Vienna, organised by ESA.
Douglas McLelland and Gilles Bézard will be representing BrainChip with a talk titled “Event-driven computation and sparse neural network activity deliver low power AI” as part of the session Orbital Intelligence for Earth Observation applications: The edge of AI In Space, chaired by Gabriele Meoni from ESA, who has first-hand experience of AKD1000 cf. https://thestockexchange.com.au/threads/brn-discussion-ongoing.1/post-462334
We’d already found out about three of the four events prior to the newsletter release. Here is some more info about the fourth one, the Living Planet Symposium in Vienna, organised by ESA.
Douglas McLelland and Gilles Bézard will be representing BrainChip with a talk titled “Event-driven computation and sparse neural network activity deliver low power AI” as part of the session Orbital Intelligence for Earth Observation applications: The edge of AI In Space, chaired by Gabriele Meoni from ESA, who has first-hand experience of AKD1000 cf. https://thestockexchange.com.au/threads/brn-discussion-ongoing.1/post-462334
Frangipani
Top 20
This is how I have generally viewed shares on ASX and suspect that will be the FPO on that chart you posted.
Ordinary shares are the most common type of shares and the full name is fully paid ordinary share or FPO. You may see this abbreviation after the name of the share when you search on your broker's website. Generally, when investors talk about shares, you can assume that they mean ordinary shares.
Types of Shares: Ordinary, Preference, Contributing, and Options – Fundsquire
If you are investing in the share market it is important to understand the difference between types of shares. Ordinary sharesOrdinary shares are the most
Thank’s for your reply, @Fullmoonfever!
So the abbreviation FPO in the the stock market context can apparently mean two completely different things, then.
But why is there no actual chart
to be seen and instead the share price is said to be “$null” instead of Friday’s ASX closing price? 
CHIPS
Regular
Like many of us BRN shareholders, I received the monthly email newsletter in my inbox today, and it really makes you wonder whether its first paragraph includes some kind of GenAI hallucination when it says:
BrainChip Sets Sights on the Future
mailchi.mp
View attachment 86420
(…)
View attachment 86421
Where and when did this allegedly happen?
I can neither recall our CMO Steve Brightfield announcing we were now working with Bospar Public Relations & Marketing (first time I heard this agency’s name was in this very newsletter, see above) nor our CFO Ken Scarince announcing Lancaster Grove Capital as “our new agency of record” (?? whatever that is supposed to mean?). Didn’t the info about Lancaster Grove Capital (“Unlocking Potential for Undervalued ASX Companies”) just show up on the BrainChip website the other day without any accompanying announcement on social media channels?
Another claim in the newsletter also had me scratching my head:
View attachment 86422
While it is true that a new Investor Presentation in the form of a PDF document was recently uploaded to that Investor Relations site…
… the Overview section is unfortunately not up to date, with the Frontgrade Gaisler IP license signed in mid-December 2024 missing. Also, VORAGO is still listed as a marquee brand, even though it has mysteriously disappeared from the list of BrainChip customers both on our redesigned website as well as in the latest company presentations (cf. the above May 2025 Investor Update as well as our CTO’s 2025 Embedded Vision Summit presentation).
Not to mention that sentence’s awkward grammar?
View attachment 86423
In addition, Tony Dawe remains listed as the IR contact person under FAQ, even though on Wednesday, he shared on LinkedIn that from next week on he will no longer be working for our company, as his position has been made redundant.
View attachment 86424
Another thing I noticed on the Investor Relations webpage is that under “Stock”, you can select either BRCHF (OTCQX market in the US) or BRN.
BrainChip Investor Portal
View attachment 86425
I obviously expected to find a similar BRN (ASX) chart to the one found on HC…
View attachment 86426
… so I was rather surprised to discover the following chart instead:
View attachment 86427
What does this chart signify? Does anyone know whether it has been on our IR page for some time already or is it new?
According to Investopedia, FPO means “Follow-on Public Offer”:
Follow-on Public Offer (FPO): Definition and How It Works
A follow-on public offer is an issuance of additional shares by a public company that is already listed on an exchange.
Follow-on Public Offer (FPO): Definition and How It Works
By
JULIA KAGAN
Updated February 03, 2025
Reviewed by
ANDY SMITH
Investopedia / Laura Porter
What Is a Follow-on Public Offer (FPO)?
A follow-on public offer (FPO) is the issuance of new shares by a public company after its initial public offering (IPO). As such, FPOs mean that additional shares are offered to the public by companies that are already listed on exchanges. Follow-on public offerings, which are also known as secondary offerings, are generally used by companies to raise additional capital for their growth.
KEY TAKEAWAYS
- A follow-on public offer is the additional issuance of a company’s shares after its initial public offering.
- Companies usually announce FPOs to raise equity or reduce debt.
- The two main types of FPOs are dilutive, meaning new shares are added, and non-dilutive, meaning existing private shares are sold publicly.
- An at-the-market offering is a type of FPO by which a company can offer secondary public shares on any given day, usually depending on the prevailing market price, to raise capital.
How Follow-on Public Offers (FPOs) Work
Public companies can complete an FPO by offering additional shares on the open market. They can also take advantage of an FPO through an offer document. FPOs allow publicly traded companies to raise additional capital by issuing and selling new shares via a stock exchange.
Proceeds from the sale go to the company issuing the stock. Similar to an IPO, companies that want to execute a follow-on public offer must fill out Securities and Exchange Commission (SEC) documents.
This capital can be used for different purposes. Among the primary reasons behind any new issuance of stock is to pay off existing debt or fund growth through:
- Research and development (R&D)
- Releasing new products and services
- Targeting new markets
FAST FACT
Unlike an FPO, an IPO occurs when a private company issues shares to the public for the very first time through a stock exchange.
Types of Follow-on Public Offers (FPOs)
There are two main types of follow-on public offers. Dulutive and non-dilutive.
Diluted Follow-on Offering
The first type of FPO is dilutive to investors, as the company’s board of directors agrees to increase the share float level or the number of shares available. This kind of follow-on public offering seeks to raise money to reduce debt or expand the business, increasing the number of shares outstanding and decreasing the earnings per share (EPS) decrease.
The funds raised during an FPO are most frequently allocated to reduce debt or change a company’s capital structure. The infusion of cash is good for the long-term outlook of the company, and thus, is also good for its shares.
Non-Diluted Follow-on Offering
The other type of follow-on public offer is non-dilutive. This approach is useful when directors or substantial shareholders sell off privately held shares. Cash proceeds from non-diluted sales go directly to the shareholders placing the stock into the open market.
In many cases, these shareholders are company founders, members of the board of directors, or pre-IPO investors. Since no new shares are issued, the company’s EPS remains unchanged. Non-diluted follow-on offerings are also called secondary market offerings.
At-the-Market (ATM) Offering
An at-the-market (ATM) offering gives the issuing company the ability to raise capital as needed. If the company is not satisfied with the available price of shares on a given day, it can refrain from offering shares.
ATM offerings are sometimes referred to as controlled equity distributions because of their ability to sell shares into the secondary trading market at the current prevailing price.
Follow-on Public Offerings (FPOs) in the Market
Follow-on offerings are common in the investment world. They provide an easy way for companies to raise equity that can be used for common purposes. Companies announcing secondary offerings may see their share price fall as a result. Shareholders often react negatively to secondary offerings because they dilute existing shares, and many are introduced below market prices.
Some companies that have completed follow-on public offerings in 2024 include Longboard Pharmaceuticals, with an issuance of 10 million shares valued at $210 million, and Cyngn, with an issuance of 12.42 million shares valued at about $20 million.12
What Are the Benefits of Follow-on Public Offers?
There are several reasons why a public company will choose to raise more equity. For example, they might use the proceeds to pay off debt and improve their debt-to-value (DTV) ratio, or they can use the funds to improve the company’s growth by financing new projects.
What Are the Advantages of At-the-Market Offerings?
At-the-market offerings have several advantages, including minimal market impact. Businesses can raise capital quickly without having to announce the offering. ATM offerings are also typically sold for less than traditional follow-on offerings, and they require minimal management involvement.
What Are the Disadvantages of ATM Offerings?
ATM offerings tend to be smaller than traditional follow-on offerings, so if a business is looking to raise a large amount of capital, this may not be the best method. In addition, the price may fluctuate depending on the market.
The Bottom Line
An FPO is typically done when the company wants to fund new projects or expansions, pay off debt, or increase its working capital. There are two main types of FPOs, dilutive and non-dilutive. The shares are offered at a fixed price to the public through a book-building process, with the proceeds going directly to the company.
Existing shareholders may also participate in the FPO; either by purchasing additional shares or selling some of their existing ones. FPOs are a way for companies to tap into the capital markets and raise additional funds without taking on debt.
Are they preparing another institutional placement like with Unified Capital Partners or another share purchase plan for existing shareholders?
But then, why don’t the shares of last year’s institutional placement or the share purchase plan offered to existing shareholders with a registered address in Australia or New Zealand (published in July 2024) show up the yearly chart?
Or could this hint at an upcoming non-dilutive FPO, meaning existing private shares by eg. substantial shareholders will be sold publicly?
“Non-Diluted Follow-on Offering
The other type of follow-on public offer is non-dilutive. This approach is useful when directors or substantial shareholders sell off privately held shares. Cash proceeds from non-diluted sales go directly to the shareholders placing the stock into the open market.
In many cases, these shareholders are company founders, members of the board of directors, or pre-IPO investors. Since no new shares are issued, the company’s EPS remains unchanged. Non-diluted follow-on offerings are also called secondary market offerings.”
Any thoughts on this?
Maybe, only maybe, Steve Brightfield or someone else did make an announcement, but it was not sent by somebody who couldn't care less after losing his job??? And maybe Tony is still mentioned because the new agency will start to work only next month or so? Just some ideas.
CHIPS
Regular
Thank’s for your reply, @Fullmoonfever!
So the abbreviation FPO in the the stock market context can apparently mean two completely different things, then.
But why is there no actual chart
Maybe Tony forgot to link it to the ASX?
I can't wait to see if the mistakes will stop in the future...
smoothsailing18
Regular
It seems competition is coming from everywhere
overpup
Regular
brainchamax
Bospar is a good move.
Their website is interesting.
The big positive is the the BOD finally realise that AKIDA and friends (TENNs, Pico) will not sell themselves.
The roadmap was great but all about tech.
We need the see the roadmap that will bring the tech to commercial success.
Their website is interesting.
The big positive is the the BOD finally realise that AKIDA and friends (TENNs, Pico) will not sell themselves.
The roadmap was great but all about tech.
We need the see the roadmap that will bring the tech to commercial success.
Yes we are!
Not advice
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