BrainChip’s Share Purchase Plan for Shareholders

BrainChip Holdings (AU:BRN) has released an update.

BrainChip Holdings Ltd is extending an exclusive offer to its shareholders to purchase up to A$30,000 worth of additional shares at a discounted rate, as part of a larger capital raising effort. This share purchase plan, targeting a raise of up to A$3 million, is open to eligible shareholders in Australia or New Zealand, with the aim to bolster the company’s growth and investment potential. With no transaction or brokerage costs, the offer is set to close on August 15, 2024, with the company reserving the right to modify the closing date.

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