From page 4 of the report. Probably already been posted.I haven’t had time to fully digest all the information yet, so the following is my VERY preliminary opinion, for what little that counts.
That said, at first glance, this appears as though it could be the Board’s way of nudging shareholders toward accepting a predetermined sale price, potentially around $1.00 per share, possibly to a party like ARM, for instance.
I don't know what else to make of this to be honest.
" We see ARM Holdings as potential acquirer due to its size, resources, proximity/affiliation, and similarity in business model. Consumer electronics, automotive, and IoT are industries that ARM operates in but has less than 50% market share; These are industries where Edge AI is likely to be applied and BrainChip’s technology may be the one of the avenues for ARM to further penetrate this field."