BRN Discussion Ongoing

[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]

 

[Fullmoonfever]

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 in maybe 2024, 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.

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.

https://www.theaustralian.com.au/business/stockhead/security-matters-to-list-on-nasdaq-in-key-merger-to-boost-growth-huge-uplift-for-aussie-shareholders/news-story/fe6a43260bde37ede151ee4c1885d85d

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.

 

[Perhaps]

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.

https://www.theaustralian.com.au/business/stockhead/security-matters-to-list-on-nasdaq-in-key-merger-to-boost-growth-huge-uplift-for-aussie-shareholders/news-story/fe6a43260bde37ede151ee4c1885d85d

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.

This would mean a delisting on the ASX. Our shares would be converted into shares of a new SPAC company listed on Nasdaq only.

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.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02545504-3A597826?access_token=83ff96335c2d45a094df02a206a39ff4

 

[Fullmoonfever]

This would mean a delisting on the ASX. Our shares would be converted into shares of a new SPAC company.

Very interesting here in your example: At the closing, SMX shareholders will own approximately 55.5% of the combined company.

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.

https://hotcrapper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvSTYP6gm0yxaZs/phke92GA==

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

 

[Perhaps]

I just prefer the old fashioned way , steady growth on ASX and dual-listing on Nasdaq 2024/25.
I'm not that big fan of the Nasdaq, don't think things gettin' easier over there.

 

[Bravo]

So, ARM and Nvidia are pretty big, if not ginormous!!!. And both of them appear to be saying that their products operate BETTER because of AKIDA!

I like it a LOT obviously

Kisses all around.

 

[Esq.111]

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.

 

[Deleted member 118]

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...

www.prnewswire.com

 

[Deleted member 118]

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

 

[Deleted member 118]

Interesting that former CEO and President of MegaChips Corporation who will serve as the Semiconductor Sector Advisor on the EdgeCortix Strategic Advisory Board

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.

finance.yahoo.com

Energy-Efficient AI Processors and Acceleration | EdgeCortix

Next Wave of Generative AI at the Edge. Introducing SAKURA-II, the world’s most flexible and energy-efficient AI accelerator.

www.edgecortix.com

 

[Dhm]

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

It is possibly obvious to some, but sometimes I like it spelt out to me; this is Akida giving extended battery time, right?