BRN Discussion Ongoing

[Perhaps]

What are the rules to be listed on NASDAQ?

To be listed on the NASDAQ exchange and reporting system, the following requirements:

- Shareholders Equity of at least $2,000,000 - tick
- At least 100,000 shares of public float - tick
- A minimum of 300+ shareholders - tick
- Total assets of $4,000,000 - tick
- At least two market makers - tick (I think)
- $3 minimum bid price of the company stock - NOPE
- Public float market value of $1,000,000 - tick

So we are close. May need a share consolidation or a nice uptick in the share price (minimum $3 USD).

Add US$ 750k net income in the latest fiscal year or in 2 of the last 3 years.
When looking for listing requirements, take care of the different options.
This is for Nasdaq capital market, the only relevant option, cause it has the lowest entry level.

What are the Listing requirements for the NASDAQ?

Below is the guide for the listing requirements for the relevant NASDAQ market - the NASDAQ Capital Market. The primary consideration is the "Market Value of Publicly Held Stock" which essentially means stock that is in the hands of investors, not insiders. As an example, if your company had...

www.manhattanstreetcapital.com

NASDAQ Global Market Composite: Meaning, Tiers

The NASDAQ Global Market Composite is an equity index of 600 global stocks.

www.investopedia.com

 

[Bigfella195]

I don't really agree. Short term, listing will likely give us holders a bit of a sugar rush if the liquidity helps drive the price up but I think at this stage, every ounce of our teams energy should be focused on getting Akida out to the world. Preferably making us cash flow positive so there are no further cap raises or dilution.

Then, dedicate some resources to listing.

Imo of course

My personal experience with an ASX listed company shifting to the NASDAQ was a disaster. Trying to communicate with the company and with Computershare US, which still operates using snail mail, from Australia was a nightmare. The business ended up in receivership and trying to sort out what happened to my share holding took months of emails and direct calls at midnight, ended up lost everything. Many lessons learned and a very sour taste about NASDAQ listing.

I realise it will happen eventually, but it is expensive and I hope it does not happen in the near future. When it does happen I won’t agree unless it is a dual listing on ASX and NASDAQ.

 

[Baisyet]

Hi all,

I was disappointed yesterday.

Especially when reading the constant whining and some of the insults on this Forum.



I choose to maintain a positive healthy frame of mind and I take control of my surroundings to make sure it stays that way.

I’ve recently started ignoring some people as its exhausting reading their negativity.



Obviously I don’t want to be in a room full of confirmation bias either.

Honest, robust discussion about the company is preferred; and we don’t all have to agree on everything to get along.

Different points of view are appreciated. But let’s lose the insults please.



The share price is always going to look like a heart rate ecg; preferably on an incline.

We all know price will go up… and down.

Yesterday hurt all long term holders but it has no consequences on the success of the company.



In my opinion we have hired brilliant, qualified people to manage the company. They are highly skilled in their fields.

We’re all armchair experts; however these people actually have the skill set, experience, ambition and determination necessary to steer our company to success.

View attachment 12864
View attachment 12865

We’ve heard them all speak. It would be disrespectful to suggest they’re all not passionate and working hard for the success of this company!

We know the company has the top of class, first to market neuromorphic processor.

We know there is a growing market for the product.

We know we are in the early stages of commercialisation.

I am confident we are de-risked so over the long term the company should become profitable which will make the SP grow.

We already have some massive partners who are going to help grow the company:
Arm, SiFive, Edge Impulse, NVISO, PROPHESEE

We have awesome customers including Mercedes, NASA and VALEO, RENESAS.

If, as we suspect Akida is to be used in Valeo’s Scala III Lidar then all we have to do is wait for it to be released in 2024 and the price will skyrocket. I would not want to be listed on the NASDAQ until then. I want to enter the NASDAQ as a winning company with strong revenue in great demand!

I read somewhere recently there are up to 70 sensors on a new vehicle: that is a massive market potential of which we are in the box seat!

We all should by now understand the importance, both morally, commercially and legally why BRAINCHIP adheres to NDA’s. Success of the company is linked to it. I’m not sure why as shareholders we would want to undermine the company’s strategy which could damage our reputation and impede customer enablement.

In my opinion there are plenty of reasons there to feel secure with your investment.
If you want to feel more confident have a look at Bacon Lover’s Iceberg.
Read all the research UIUX has kindly put forward; it’s awesome.
Review some of FF great posts.

So much work has unselfishly been done by many others on the forum to enable us shareholders to learn about the company. All we have to do is take the time to read it!

I have read their research and logical statements; and I am extremely confident of where we are headed.

Please next week can we discuss and follow the Company, not the fluctuating share price!

Enjoy the weekend good people!

Couldnt agree more mate. One thing I learned so far while investing is, keep your emotions aside and think wise.

 

[Deleted member 118]

Couldnt agree more mate. One thing I learned so far while investing is, keep your emotions aside and think wise.

 

[ndefries]

I totally agree with this. Peter seems a very down to earth genius. He used the words explosive growth which people don't normally use to describe hopeful sales. I am currently in Iceland exploring and BRN is like a volcano ready to erupt. It's why we got the shares so cheap vs two years from now. It comes with a need to be patient. It's incredible seeing the institutional increase in holdings. To have this many shorts outstanding that need to be bought back and our SP is over a $1 that is some underlying demand that is coming. My view is that later in the year we will get more announcements and likely some more partnerships shared as marketing. There is plenty of time till 2024 and if we are a secret item in autonomous driving it's likely that all of this stays hidden unfortunately. I hope some Akida 2000 news is dropped by September that will drive our lead further.

 

[BaconLover]

NASDAQ listing, as much as I love it, it's not anywhere near in my opinion.
Not an accountant, but I think I am reading this right, correct me if I am not.

Our revenue was significantly lesser, and we have a long way to go.
I love Brainchip, but let's get real here.

https://listingcenter.nasdaq.com/assets/initialguide.pdf

 

[Tothemoon24]

NASDAQ listing, as much as I love it, it's not anywhere near in my opinion.
Not an accountant, but I think I am reading this right, correct me if I am not.

Our revenue was significantly lesser, and we have a long way to go.
I love Brainchip, but let's get real here.

View attachment 12898

https://listingcenter.nasdaq.com/assets/initialguide.pdf

Totally agree BL , a listing in the big league is certainly something to look forward once we are a proven consistent revenue company .

Imo we want the yanks to know who we are before we arrive .

 

[robsmark]

We need to walk before we can run. If/when BRN proves that it can generate and build revenue for a year or two, and builds its market cap to say $10b aud, then it would be ready for the NASDAQ in my opinion. Any sooner and it’ll get eaten alive. There’s bigger fish that play in the ASX, but in the larger US markets there’s sharks.

I honestly find this NASDAQ talk a little cringey given how young we are. Don’t get me wrong, eventually it’ll need to happen, but there’s plenty more room to grow on ASX first. This was discussed at the last AGM and it seems directors and management feel the same.

Be careful what you wish for.

 

[DingoBorat]

In relation to Nvdia's Hyperion 8, it says here in a previous article I posted here #15,454 that "the long-range Luminar Iris sensor will perform front-facing lidar capabilities" but "the radar suite includes Hella short-range and Continental long-range and imaging radars for redundant sensing. Sony and Valeo cameras provide the cutting edge in visual sensing, in addition to ultrasonic sensors from Valeo for measuring object distance."

And, if I didn't know any better I would consider it eminently possible that our little AKIDA BALLISTA BABY could be what is enabling the Nvdia Drive Chauffeur and Concierge to work????

Someone tell me I'm wrong. Honesty, I would prefer it if you didn't but, please feel free to go ahead if you must.


View attachment 12889




I beleive that Lotus, QCraft, Human Horizons and WM Motor have already chosen Drive Orin Hyperion 8 for their future vehicles, joining others such as Mercedes-Benz, Volvo, Nio and VinFast just to name a few.



Check out the Nvdia Drive Chauffeur here.

Hey, Nvidia, park my car: Drive Concierge and Chauffeur AI tech announced

Announced at GTC this week, Nvidia's new AI technology is sort of like Siri if you could ask her to valet your car.

www.cnet.com

Why have you underlined the "sensor suite" part Bravo?
We don't make sensors, although we do enable them ..

I think, we are definitely working with Nvidia, which probably started through Mercedes, but in what capacity, is the big question??

As a few have said before, some of the majors, instead of pushing ahead, trying to "re-invent the wheel" are just going to use and incorporate our tech, for the simple reason, that it just makes financial sense.

 

[Fullmoonfever]

For those interested in the potential of Nasdaq listing whenever it may eventuate, via direct or as I previously posted awhile ago, via SPAC (my preference)...some info and sites that you can drop in on to track possibilities.

SPACs and de-SPACing – What Australian companies need to know

www.herbertsmithfreehills.com

SPACs have surged in popularity in the US$83 billion of capital was raised by US listed SPACs in 2020 (a 513% increase from 2019),1 and the capital raised by US SPAC listings so far in 2021 has already exceeded that amount.2 US listed SPAC IPOs accounted for more than half of the overall US listed IPOs in 2020. In terms of the increase, whilst there were 59 SPAC offerings in the US in 2019, in 2020 there were 248, representing a 320% increase.

ListingTrack | Redirection

Welcome to ListingTrack! We are excited to have you on board.

spactrack.io

List of SPAC Units

List of publicly traded units issued by special purpose acquisition companies or SPACs

stockmarketmba.com

https://www.nasdaq.com/market-activity/ipos

 

[DingoBorat]

What are the rules to be listed on NASDAQ?

To be listed on the NASDAQ exchange and reporting system, the following requirements:

- Shareholders Equity of at least $2,000,000 - tick
- At least 100,000 shares of public float - tick
- A minimum of 300+ shareholders - tick
- Total assets of $4,000,000 - tick
- At least two market makers - tick (I think)
- $3 minimum bid price of the company stock - NOPE
- Public float market value of $1,000,000 - tick

So we are close. May need a share consolidation or a nice uptick in the share price (minimum $3 USD).

There's more than one way on there, Alwaysgreen..
I'm pretty sure they could do it now, if they really wanted to..

But they are in no rush..

Fastback6666's post, gives an excellent view point, in my opinion, of where the Company’s thinking on the subject would be..

"If I were Brainchip and were trying to look after investors best interests to generate a large dollar value on the Nasdaq then I would:

1. List on the Nasdaq when the tech sector was fully out of its correction and showing tech sector positivity and strength, we are not there yet. (another year or maybe two...hopefully).

2. I would want BRN to be well into profit territory. I would want to see large percentage revenue growth across around 3 to 4 quarters flowing in from various large sources and for that revenue to be showing massive revenue trajectory with high margins. Potentially even longer time frame to show that bulk revenue from bulk EV’s incorporation etc. Obviously this will need to show that BRN are well well into profit territory.

3. Ideally also want to see that Brainchip is seen with much confirmed commentary to be the known market standard for AI tech across many multiple industries and tertiary education. Best practice scenarios for the world would be the icing on the cake.

If these are met then then we would have a rerating of the company like we have never seen before.

I am very happy to wait for at least conditions 1 and 2 to be met, any sooner and I would be disappointed as that would take away some bulk value from us the investors that we know should be there.

Also any company thinking about buying Brainchip would want to see conditions 1 and 2 met as well ideally before they choose to take a leap, moving earlier to buy would place a lot more risk on their purchase. So I think we have time up our sleeve"

Also, at Alwaysgreen, I don't think they would consolidate the share float, to list on the NASDAQ, if anything they'll need more liquidity.

1.7 odd billion shares, is actually quite small, on a Global basis.

 

[Diogenese]

There's more than one way on there, Alwaysgreen..
I'm pretty sure they could do it now, if they really wanted to..

But they are in no rush..

Fastback6666's post, gives an excellent view point, in my opinion, of where the Company’s thinking on the subject would be..

"If I were Brainchip and were trying to look after investors best interests to generate a large dollar value on the Nasdaq then I would:

1. List on the Nasdaq when the tech sector was fully out of its correction and showing tech sector positivity and strength, we are not there yet. (another year or maybe two...hopefully).

2. I would want BRN to be well into profit territory. I would want to see large percentage revenue growth across around 3 to 4 quarters flowing in from various large sources and for that revenue to be showing massive revenue trajectory with high margins. Potentially even longer time frame to show that bulk revenue from bulk EV’s incorporation etc. Obviously this will need to show that BRN are well well into profit territory.

3. Ideally also want to see that Brainchip is seen with much confirmed commentary to be the known market standard for AI tech across many multiple industries and tertiary education. Best practice scenarios for the world would be the icing on the cake.

If these are met then then we would have a rerating of the company like we have never seen before.

I am very happy to wait for at least conditions 1 and 2 to be met, any sooner and I would be disappointed as that would take away some bulk value from us the investors that we know should be there.

Also any company thinking about buying Brainchip would want to see conditions 1 and 2 met as well ideally before they choose to take a leap, moving earlier to buy would place a lot more risk on their purchase. So I think we have time up our sleeve"

Hi DB,

Someone listed the requirements for NASDAQ listing further up this thread and we ticked all the boxes except the $US3 share price, so, as you say, there's no rush because we aren't there yet.

Of course, if the share price were where I'd like it to be, we'd have been qualified a year or more ago.

 

[Deadpool]

We need to walk before we can run. If/when BRN proves that it can generate and build revenue for a year or two, and builds its market cap to say $10b aud, then it would be ready for the NASDAQ in my opinion. Any sooner and it’ll get eaten alive. There’s bigger fish that play in the ASX, but in the larger US markets there’s sharks.

I honestly find this NASDAQ talk a little cringey given how young we are. Don’t get me wrong, eventually it’ll need to happen, but there’s plenty more room to grow on ASX first. This was discussed at the last AGM and it seems directors and management feel the same.

Be careful what you wish for.

Spot on brother

 

[DingoBorat]

Hi DB,

Someone listed the requirements for NASDAQ listing further up this thread and we ticked all the boxes except the $US3 share price, so, as you say, there's no rush because we aren't there yet.

Of course, if the share price were where I'd like it to be, we'd have been qualified a year or more ago.

That's the thing, I'm pretty sure you don't need to satisfy "every" requirement, depending on certain things, it was discussed ages ago.

But the Company would be thinking along the lines, of the points Fastback6666, raised in his post and when we've satisfied those, our share price "should" be well there anyway, so it's a bit of a moot point, the US$3 dollar requirement thing..

But anyway, it's something to look forward to

 

[DingoBorat]

NASDAQ listing, as much as I love it, it's not anywhere near in my opinion.
Not an accountant, but I think I am reading this right, correct me if I am not.

Our revenue was significantly lesser, and we have a long way to go.
I love Brainchip, but let's get real here.

View attachment 12898

https://listingcenter.nasdaq.com/assets/initialguide.pdf

I think the 4 different "standards" are the different avenues to list..

But we're getting way ahead of ourselves anyway..

 

[Food4 thought]

I think the 4 different "standards" are the different avenues to list..

But we're getting way ahead of ourselves anyway..

Mmm
I agree that we are way ahead of our self here.
I personally could see nothing worse than to get on the nasdaq and fail
Let’s get crawling sorted first then let’s get up and run or fly all the way to infinity and beyond…..
Relax it will happen the best thing you can do is have a Bex and a good lay down.

 

[Perhaps]

For those interested in the potential of Nasdaq listing whenever it may eventuate, via direct or as I previously posted awhile ago, via SPAC (my preference)...some info and sites that you can drop in on to track possibilities.

SPACs and de-SPACing – What Australian companies need to know

www.herbertsmithfreehills.com

SPACs have surged in popularity in the US$83 billion of capital was raised by US listed SPACs in 2020 (a 513% increase from 2019),1 and the capital raised by US SPAC listings so far in 2021 has already exceeded that amount.2 US listed SPAC IPOs accounted for more than half of the overall US listed IPOs in 2020. In terms of the increase, whilst there were 59 SPAC offerings in the US in 2019, in 2020 there were 248, representing a 320% increase.

ListingTrack | Redirection

Welcome to ListingTrack! We are excited to have you on board.

spactrack.io

List of SPAC Units

List of publicly traded units issued by special purpose acquisition companies or SPACs

stockmarketmba.com

https://www.nasdaq.com/market-activity/ipos

View attachment 12902 View attachment 12903 View attachment 12904 View attachment 12905

Imho the SPAC listing isn't meant for companies already listed on an stock exchange. It's like a second non-business company raising capital over a period for a real IPO of a startup. It also has nothing to do with the ASX shares, something completely on it's own, not a dual-listing.
This might have been an option for Brainchip 2015 but not 2022.

In general I think a Nasdaq listing should be not earlier than 2024/25, when Brainchip is more established with substantial earnings. When we enter the Nasdaq, we enter the game of the big boys. Much better to arrive there in a good financial state to avoid ending as Hedgefunds fodder. Some think of the ASX as an corrupted beast, maybe right, but entering the Nasdaq means things getting worse.

 

[Xhosa12345]

I signed out of hc this morning and cancelled my login, was one of the last few left trying to fight,like uiux.. but they have won.

Over to here, love being here, hate the aggressive stuff leaching in, eg by yak.. dude if u are opening a restaurant, i think it was you stating that intent, please dont flip off the handle on staff or customers... chill chill chill

 

[DingoBorat]

Mmm
I agree that we are way ahead of our self here.
I personally could see nothing worse than to get on the nasdaq and fail
Let’s get crawling sorted first then let’s get up and run or fly all the way to infinity and beyond…..
Relax it will happen the best thing you can do is have a Bex and a good lay down.

Not sure why I need to have a Bex and a lay down?

Do I seem stressed or anxious to you ..
If that's the vibe you're getting, I assure you, it couldn't be further from the truth...

 

[Potato]