BRN Discussion Ongoing
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Fullmoonfever
Top 20
Whilst can definitely be beneficial for a start up I tend to disagree thats all primarily for.
Not sure why dual listing seems to be necessary either?
Can be for any target company that the SPAC is looking for that meets far less criteria than a direct Nasdaq listing
SMX on the ASX I mentioned awhile ago as an example when Nasdaq came up before is now going through it as per below articles.
Security Matters snapped up at 15x premium: Merger and NASDAQ listing in sight
A Nasdaq listing is expected to re-rate the 'undervalued' small cap anti-counterfeit technology company, Security Matters (ASX: SMX).
KEY POINTS
Security Matters' technology can track and trace any object whether solid, liquid of gas
The company is poised to delist from the ASX and merge with a SPAC on the Nasdaq
The merger values Security Matters at a 15x premium compared to Monday's close
Blockchain and anti-counterfeit technology company Security Matters (ASX: SMX) more than doubled its valuation on Tuesday after plans to merge with a Nasdaq listed SPAC (special purpose acquisition company).
The deal with Nasdaq-listed Lionheart III values the combined entity at US$360, which reflects a pre-money valuation of Security Matters of US$200m.
The merger is poised to increase the company’s value by more than 15 times based on Monday’s close. Even after a 170% rally on Tuesday, there’s still more than 5 times the upside.
Security Matters CEO Haggai Alon told The Australian Financial Review that the business has been undervalued by local investors and a Nasdaq listing would attract a more favourable valuation and better liquidity.
"We are on the precipice of commercialising our technology across a number of large global markets – from gold to food and wine, to fashion, rubber and plastics – and the valuation reflects that,” said Alon.
You can read more about Security Matter's revolutionary supply chain technology here.
To Alon’s point, Security Matters shares spent almost 4 years trading sideways around the 30 cent levels, occasionally rallying to highs of 50 cents and dips below 20 cents.
The stock struggled for liquidity and investor interest, with the last 20 days volume (excluding today) averaging approximately 56,500 shares or $5,600
Redemptions highly likely
There will be a merger, within the merger, as Security Matter's and its publicly listed Irish company, Empatan PLC, will come together as SMX Public Company Limited.
Local shareholders will be entitled to one share in the new company for every 10.2 shares they own.
If investors don't like the deal, they can pull out, redeeming their shares for cash.
Assuming there are no redemptions, SMX shareholders will own approximately 55.5% of the combined company.
SPACs were an immensely popular way to list, often providing companies with higher valuations, less dilution, greater speed to capital and lower fees.
Though, volatile market conditions and higher interest rates have seen just US$12bn new US SPAC issuances so far this year, compared to US$163 in 2021.
If a large percentage of shareholders choose to exercise their redemption rights, then this could drastically reduce the cash proceeds of the combined company.
For now, Security Matters expects the combined Group to have a post-transaction cash balance of US$116m.
Perhaps
Regular
This would mean a delisting on the ASX. Our shares would be converted into shares of a new SPAC company listed on Nasdaq only.Whilst can definitely be beneficial for a start up I tend to disagree thats all primarily for.
Not sure why dual listing seems to be necessary either?
Can be for any target company that the SPAC is looking for that meets far less criteria than a direct Nasdaq listing
SMX on the ASX I mentioned awhile ago as an example when Nasdaq came up before is now going through it as per below articles.
Security Matters snapped up at 15x premium: Merger and NASDAQ listing in sight
A Nasdaq listing is expected to re-rate the 'undervalued' small cap anti-counterfeit technology company, Security Matters (ASX: SMX).www.marketindex.com.au
KEY POINTS
Security Matters' technology can track and trace any object whether solid, liquid of gas
The company is poised to delist from the ASX and merge with a SPAC on the Nasdaq
The merger values Security Matters at a 15x premium compared to Monday's close
Blockchain and anti-counterfeit technology company Security Matters (ASX: SMX) more than doubled its valuation on Tuesday after plans to merge with a Nasdaq listed SPAC (special purpose acquisition company).
The deal with Nasdaq-listed Lionheart III values the combined entity at US$360, which reflects a pre-money valuation of Security Matters of US$200m.
The merger is poised to increase the company’s value by more than 15 times based on Monday’s close. Even after a 170% rally on Tuesday, there’s still more than 5 times the upside.
Security Matters CEO Haggai Alon told The Australian Financial Review that the business has been undervalued by local investors and a Nasdaq listing would attract a more favourable valuation and better liquidity.
"We are on the precipice of commercialising our technology across a number of large global markets – from gold to food and wine, to fashion, rubber and plastics – and the valuation reflects that,” said Alon.
You can read more about Security Matter's revolutionary supply chain technology here.
To Alon’s point, Security Matters shares spent almost 4 years trading sideways around the 30 cent levels, occasionally rallying to highs of 50 cents and dips below 20 cents.
The stock struggled for liquidity and investor interest, with the last 20 days volume (excluding today) averaging approximately 56,500 shares or $5,600
Redemptions highly likely
There will be a merger, within the merger, as Security Matter's and its publicly listed Irish company, Empatan PLC, will come together as SMX Public Company Limited.
Local shareholders will be entitled to one share in the new company for every 10.2 shares they own.
If investors don't like the deal, they can pull out, redeeming their shares for cash.
Assuming there are no redemptions, SMX shareholders will own approximately 55.5% of the combined company.
SPACs were an immensely popular way to list, often providing companies with higher valuations, less dilution, greater speed to capital and lower fees.
Though, volatile market conditions and higher interest rates have seen just US$12bn new US SPAC issuances so far this year, compared to US$163 in 2021.
If a large percentage of shareholders choose to exercise their redemption rights, then this could drastically reduce the cash proceeds of the combined company.
For now, Security Matters expects the combined Group to have a post-transaction cash balance of US$116m.
Very interesting here in your example: At the closing, SMX shareholders will own approximately 55.5% of the combined company.
First step, half of my investment burnt, love it.
SMX has a chart goin' straight down over years, this looks more like an act of despair to generate fresh money.
NO, NEVER. This might work as a trick for a very small blockchain company to survive, but this is not the way of a serious company listed on ASX200.
Last edited:
Fullmoonfever
Top 20
All good...diff of opinion.
I'm sure SMX like to consider themselves as serious in their mkt even though they not in the ASX200.
I have no issues with shares in an entity that is still BRN operated but listed on the Nasdaq essentially via back door or RTO style.
ASX200 v Nasdaq
If everything we apparently have going on in the background is starting to come to fruition over the next 12-24 mths then imo shouldn't be hesitant of Nasdaq as would hold our own....even with the 1% touted.
The powers that be will decide what they do anyway in due course
Morning Chippers,
Weekend financial paper snippets........
1, US DEMOCRATS CLINCH $526B ENERGY BILL.
Climate policy.
Author. Lisa Friedman and Brad Plummer.
Washington. A $369 usd billion ( $526 billion aus ) deal forged by Senate Democrats this week would transform how the United States produces energy and upend the auto industry, even though it falls short of what the country needs to do to meet its global warming pledge by the end of the decade, analysts said.
The agreement, which Senate Democrats hope to pass as early as next week, shocked even some who had been involved in the sputtering negotiations over climate legislation in the past year.
The Bill aims to tackle global warming by using billions of dollars in tax incentives to ramp up wind, solar, geothermal, battery and other clean energy industries over the next decade.
The most immediate effect of the bill, energy experts said, would be to supercharge the growth of wind turbines, solar panels and ELECTRIC VEHICLE PRODUCTION in the US.
And we also got a direct mention in the movers & shakers for the week again.
This time we are third in down stocks with -8.05% loss for the week.
Great job with the research all , always enlightening and often entertaining.
Regards,
Esq.
* oh , and by the way APPLE 's third quarter revinue rose 2% to $83US billion ($119 billion AU) in the period ended June.
Weekend financial paper snippets........
1, US DEMOCRATS CLINCH $526B ENERGY BILL.
Climate policy.
Author. Lisa Friedman and Brad Plummer.
Washington. A $369 usd billion ( $526 billion aus ) deal forged by Senate Democrats this week would transform how the United States produces energy and upend the auto industry, even though it falls short of what the country needs to do to meet its global warming pledge by the end of the decade, analysts said.
The agreement, which Senate Democrats hope to pass as early as next week, shocked even some who had been involved in the sputtering negotiations over climate legislation in the past year.
The Bill aims to tackle global warming by using billions of dollars in tax incentives to ramp up wind, solar, geothermal, battery and other clean energy industries over the next decade.
The most immediate effect of the bill, energy experts said, would be to supercharge the growth of wind turbines, solar panels and ELECTRIC VEHICLE PRODUCTION in the US.
And we also got a direct mention in the movers & shakers for the week again.
This time we are third in down stocks with -8.05% loss for the week.
Great job with the research all , always enlightening and often entertaining.
Regards,
Esq.
* oh , and by the way APPLE 's third quarter revinue rose 2% to $83US billion ($119 billion AU) in the period ended June.
D
Deleted member 118
Guest
Qualcomm and Samsung Extend and Expand Broad Strategic Partnership
/PRNewswire/ -- Qualcomm Incorporated today announced that the Company has strengthened its strategic partnership with Samsung Electronics Co., Ltd. to deliver...
D
Deleted member 118
Guest
Qualcomm says its Snapdragon W5+ and W5 'change the game' for wearables
Qualcomm exec Pankaj Kedia said the platforms represent a huge leap forward from what the company has done previously in wearables.
www.rcrwireless.com
D
Deleted member 118
Guest
Interesting that former CEO and President of MegaChips Corporation who will serve as the Semiconductor Sector Advisor on the EdgeCortix Strategic Advisory Board
finance.yahoo.com
www.edgecortix.com
EdgeCortix Expands its Strategic Advisory Board with the Appointment of Semiconductor Industry Veteran Akira Takata
EdgeCortix®Inc., the innovative fabless semiconductor design company with a software first approach, focused on delivering class-leading compute efficiency and latency for edge artificial intelligence (AI) inference; announced a key new appointment to its EdgeCortix Strategic Advisory Board.
Energy-Efficient AI Processors and Acceleration | EdgeCortix
EdgeCortix puts efficient AI inference acceleration in the hands of device designers with AI processor cores for ASICs and FPGA development platforms.
www.edgecortix.com
Dhm
Regular
It is possibly obvious to some, but sometimes I like it spelt out to me; this is Akida giving extended battery time, right?Qualcomm says its Snapdragon W5+ and W5 'change the game' for wearables
Qualcomm exec Pankaj Kedia said the platforms represent a huge leap forward from what the company has done previously in wearables.
FabricatedLunacy
Regular
Conversation over beers last night with brother in law (however could have been anyone near and dear).
Him: “eff sake didn’t win lotto again…”
Me: “mate you’d be better off to put this in stock…”
Him (laughs): “yeah right, like you are some stock portfolio mogul…”
Me: “Nope, but I do have a good pile in Brainchip and frankly this very much has potential to be life changing for us”.
Him: “what, you now gambling like bitcoin…”
I then proceeded to try and firstly outline Akida and then mention all the partnerships and announcements we’ve had. I could see him glaze over and thinking I was on crack when talking about the huge potential for this to take flight. And then he started his usual way of ridiculing people (very much a defense mechanism when he doesn’t understand
)
I however also realised, there was no page or post which just shows potential use cases and partnerships etc etc. kinda a one pager listing all we know so far to show to people.
It would be cool to have such a document to show the skeptics, or does this already exist?
Cheers and happy Sunday!
Him: “eff sake didn’t win lotto again…”
Me: “mate you’d be better off to put this in stock…”
Him (laughs): “yeah right, like you are some stock portfolio mogul…”
Me: “Nope, but I do have a good pile in Brainchip and frankly this very much has potential to be life changing for us”.
Him: “what, you now gambling like bitcoin…”
I then proceeded to try and firstly outline Akida and then mention all the partnerships and announcements we’ve had. I could see him glaze over and thinking I was on crack when talking about the huge potential for this to take flight. And then he started his usual way of ridiculing people (very much a defense mechanism when he doesn’t understand
)I however also realised, there was no page or post which just shows potential use cases and partnerships etc etc. kinda a one pager listing all we know so far to show to people.
It would be cool to have such a document to show the skeptics, or does this already exist?
Cheers and happy Sunday!
MDhere
Regular
Happy Sunday fellow brners,
Whatever your going today, here is an interesting read I found.
Read it while your having a cuppa, a whiskey, wine or favourite beer and most of all, enjoy. Whilst i can read the word I have awful trouble pronouncing it lol
www.spiceworks.com
Whatever your going today, here is an interesting read I found.
Read it while your having a cuppa, a whiskey, wine or favourite beer and most of all, enjoy.
Whilst i can read the word I have awful trouble pronouncing it lol
Ubiquitous Computing Layers, Examples, Applications
Ubiquitous or pervasive computing aims to connect every object, device, and internet. Learn how it works.
Morning FabricatedLunacy,
There is two incredibly informative posts / threads including everything you are looking for in one screen.
1, Thread title: Tip of the ICEBERBG.
Created by BaconLover.
&
2, Brainchip AKIDA Partners, Licensees, Speculative Theories & Supporting links.
Created by Neuromorphia.
Both extremely enlightening.
Regards,
Esq.
There is two incredibly informative posts / threads including everything you are looking for in one screen.
1, Thread title: Tip of the ICEBERBG.
Created by BaconLover.
&
2, Brainchip AKIDA Partners, Licensees, Speculative Theories & Supporting links.
Created by Neuromorphia.
Both extremely enlightening.
Regards,
Esq.
Tothemoon24
Top 20
Labsy
Regular
Conversation over beers last night with brother in law (however could have been anyone near and dear).
Him: “eff sake didn’t win lotto again…”
Me: “mate you’d be better off to put this in stock…”
Him (laughs): “yeah right, like you are some stock portfolio mogul…”
Me: “Nope, but I do have a good pile in Brainchip and frankly this very much has potential to be life changing for us”.
Him: “what, you now gambling like bitcoin…”
I then proceeded to try and firstly outline Akida and then mention all the partnerships and announcements we’ve had. I could see him glaze over and thinking I was on crack when talking about the huge potential for this to take flight. And then he started his usual way of ridiculing people (very much a defense mechanism when he doesn’t understand
I however also realised, there was no page or post which just shows potential use cases and partnerships etc etc. kinda a one pager listing all we know so far to show to people.
It would be cool to have such a document to show the skeptics, or does this already exist?
Cheers and happy Sunday!
akida.io
MDhere
Regular
And when your finished reading
Sorry if already posted, but iIfound this utube at the Embedded World Conference 2022 quite relevant to the prelude to our podcast on the 2nd August featuring non other then the super excited Jan Jongboom featured in this video.
Its quite a long video but the first 10mins features the super excited Jan with our famous Renesas in the background Enjoy
And when your finsihed reading that and Tothemoons read and onto your 2nd fav brew, (although i know its only 9am for me but ive been up since 4am working today so feels like Midday to me lol)Happy Sunday fellow brners,
Whatever your going today, here is an interesting read I found.
Read it while your having a cuppa, a whiskey, wine or favourite beer and most of all, enjoy.
Ubiquitous Computing Layers, Examples, Applications
Ubiquitous or pervasive computing aims to connect every object, device, and internet. Learn how it works.
Sorry if already posted, but iIfound this utube at the Embedded World Conference 2022 quite relevant to the prelude to our podcast on the 2nd August featuring non other then the super excited Jan Jongboom featured in this video.
Its quite a long video but the first 10mins features the super excited Jan with our famous Renesas in the background
Enjoy
chapman89
Founding Member
Hi Alwaysgreen, it is my opinion…and my opinion only, that the company would be talking about the Nasdaq all the time and are ultimately planning for this as the ducks line up.
As for hitting $4 a share price ($7 billion market cap give or take), it’s not that far away, if the company signs a contract with a household name, starts bringing in revenue, which is all within 12 months, I think you’ll find $4 highly achievable.
Sean’s comments himself said the market cap should be way higher, and he is saying that with the confidence of knowing what is going on behind the scenes and what is about to unfold imo.
IMO I believe Valeo and Mercedes will license our IP in the back end of 2023 once they go into production, them 2 alone are worth at least a few billion dollars added to the market cap, if you have read the Brainchip automotive white paper then you would have read that Jerome Nadel has said that akida can be in potentially up to 70 sensors….crazy revenue!
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