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BrainChip Holdings ( (AU:BRN) ) has provided an update.
BrainChip Holdings Ltd announced the issuance of 10,000,000 fully paid ordinary shares to the Trustee of the BrainChip Equity Plan Trust to administer the Equity Plan. This move aligns with the company’s compliance with the Corporations Act, ensuring transparency and adherence to regulatory requirements. The issuance of shares without disclosure to investors reflects BrainChip’s strategic approach to managing its equity and supporting its growth initiatives.
More about BrainChip Holdings
BrainChip Holdings Ltd is a global leader in edge AI on-chip processing and learning. The company’s neuromorphic processor, Akida, mimics the human brain to efficiently process essential sensor inputs locally on the chip, reducing latency and enhancing privacy and data security. BrainChip’s technology is applicable across various real-world applications, including connected cars, consumer electronics, and industrial IoT, with operations in Australia, the United States, France, and India.
YTD Price Performance: -50.0%
Average Trading Volume: 6,832,522
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$390.8M
For an in-depth examination of BRN stock, go to TipRanks’ Overview page.