BrainChip Holdings ( (AU:BRN) ) has provided an update.
BrainChip Holdings Ltd has issued 13 million fully paid ordinary shares to the Trustee of the BrainChip Equity Plan Trust to administer its Equity Plan, in compliance with the Corporations Act. This move supports the company’s strategic initiatives in advancing its edge AI technology, potentially strengthening its market position and offering benefits to stakeholders by enhancing operational capabilities.
More about BrainChip Holdings
BrainChip is a global leader in edge AI on-chip processing and learning. The company offers the Akida neuromorphic processor, which mimics the human brain to efficiently process essential sensor inputs locally on the chip. This technology is designed to enhance privacy, data security, and reduce latency, making it suitable for applications in connected cars, consumer electronics, and industrial IoT.
YTD Price Performance: -32.59%
Average Trading Volume: 266,096
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $326M
Learn more about BRN stock on TipRanks’ Stock Analysis page.