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The latest announcement is out from BrainChip Holdings ( (AU:BRN) ).
BrainChip Holdings Ltd has announced a share purchase plan (SPP) as part of a broader capital raising initiative, following a recent A$35 million placement. The SPP allows eligible shareholders in Australia and New Zealand to purchase additional shares at a discounted price of A$0.175 per share, aiming to raise up to A$2 million. This move is expected to strengthen the company’s financial position and support its ongoing growth in the AI hardware sector.
More about BrainChip Holdings
BrainChip Holdings Ltd is a company operating in the technology industry, focusing on the development and commercialization of advanced neural networking processors. These processors are designed to enhance artificial intelligence capabilities in various applications, positioning the company as a key player in the AI hardware market.
Average Trading Volume: 10,139,478
Technical Sentiment Signal: Sell
Current Market Cap: A$362.5M
Learn more about BRN stock on TipRanks’ Stock Analysis page.