BRN Ann: Capital Call Notice under agreement with LDA Capital - 10th Jan 2023, 9:23am

[annb0t]

BRN Ann: Capital Call Notice under agreement with LDA Capital
Price Sensitive: N
Date: 10th Jan 2023, 9:23am

>>> Read announcement: Google: BRN Market Announcements

 

[DingoBorat]

Not sure about the timing of this..

There is usually a period of extra manipulation to set the price, so the Company must be confident of some fairly significant announcements, during the next couple of months?..

“The proceeds raised from the capital call will be used to accelerate our innovation of the groundbreaking Akida technology as we extend our industry leadership in Edge AI. In 2023 the company will tape out another chip and release significant enhancements to our IP offering”, said BrainChip CEO Sean Hehir. Mr. Hehir went on to say “Additionally, we will further expand our go-to-market capabilities by hiring sales personnel in key
international markets, as well as increase our domestic sales and marketing headcount.”

The end date is late March early April and the next ASX200 rebalance is also at end of trade 3rd Friday of March.

We have survived two rebalances, while technically outside of the ASX200 already.
The Company is possibly not concerned about things like the ASX200 at this stage, as we will be headed to the ASX20 in time!

But it will be interesting to see what happens over the next couple of months, to say the least.

 

[Kachoo]

Not sure about the timing of this..

There is usually a period of extra manipulation to set the price, so the Company must be confident of some fairly significant announcements, during the next couple of months?..

“The proceeds raised from the capital call will be used to accelerate our innovation of the groundbreaking Akida technology as we extend our industry leadership in Edge AI. In 2023 the company will tape out another chip and release significant enhancements to our IP offering”, said BrainChip CEO Sean Hehir. Mr. Hehir went on to say “Additionally, we will further expand our go-to-market capabilities by hiring sales personnel in key
international markets, as well as increase our domestic sales and marketing headcount.”

The end date is late March early April and the next ASX200 rebalance is also at end of trade 3rd Friday of March.

We have survived two rebalances, while technically outside of the ASX200 already.
The Company is possibly not concerned about things like the ASX200 at this stage, as we will be headed to the ASX20 in time!

But it will be interesting to see what happens over the next couple of months, to say the least.

Or did it get manipulated down already

 

[Iseki]

Taping out another chip?
Doesn't say who with. Odds on it will be an ARM based chip, but, gee..
if it's SiFive this should really blow the market's collective mind.

 

[toasty]

Taping out another chip?
Doesn't say who with. Odds on it will be an ARM based chip, but, gee..
if it's SiFive this should really blow the market's collective mind.

If it is with a 3rd party, why not announce who its with? I guess maybe the argument could be made that they need to wait to see if it works as intented but as I've said before, Peter and Anil would not be proceeding to tape out unless they were very sure it ws going to work to spec.. Also, if it is an inclusion with ARD/SiFive/someone else would it not be that 3rd party who would be doing the fabrication?

Once again I'm confused by just snippets of information being put out there rather than the whole story...............

 

[jk6199]

If it is with a 3rd party, why not announce who its with? I guess maybe the argument could be made that they need to wait to see if it works as intented but as I've said before, Peter and Anil would not be proceeding to tape out unless they were very sure it ws going to work to spec.. Also, if it is an inclusion with ARD/SiFive/someone else would it not be that 3rd party who would be doing the fabrication?

Once again I'm confused by just snippets of information being put out there rather than the whole story...............

I look at it this way, would be nice to know more but, it shows BRN are still moving forward for commercialisation?