BrainChip Holdings (AU:BRN) has released an update.
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BrainChip Holdings Ltd has announced the raise of AUD0.632 million from a Share Purchase Plan (SPP), falling short of its AUD3.0 million target. The SPP followed a successful AUD25.0 million capital raise from institutional and sophisticated investors. Despite the lower uptake, all shares from the SPP have been distributed as per the planned schedule.
For further insights into AU:BRN stock, check out TipRanks’ Stock Analysis page.