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Weebit Nano Ltd. ( (AU:WBT) ) has shared an announcement.
Weebit Nano Ltd. has launched a non-underwritten share purchase plan offering existing Australian and New Zealand shareholders the chance to buy up to A$30,000 of new shares at A$4.05, matching the price of its recent placement. The company aims to raise up to A$15 million, with discretion to increase the size or scale back applications, and expects the offer to close on 29 April 2026, with new shares to rank equally with existing stock and be quoted on the ASX.
The capital raising is intended to broaden participation by retail investors following the institutional placement and to strengthen Weebit Nano’s balance sheet as it advances its semiconductor memory licensing business. The timetable sets out key dates from the March record date through to allotment and commencement of normal trading on 6 May 2026, providing clarity for shareholders on when new shares will be issued and become tradable.
The most recent analyst rating on (AU:WBT) stock is a Sell with a A$3.50 price target. To see the full list of analyst forecasts on Weebit Nano Ltd. stock, see the AU:WBT Stock Forecast page.
More about Weebit Nano Ltd.
Weebit Nano Ltd. is a semiconductor technology company that develops and licenses advanced non-volatile memory solutions, notably its Resistive RAM (ReRAM) technology. Its products target applications requiring high-performance, low-power memory, including AI, IoT and wearable devices, automotive, industrial automation, robotics, and neuromorphic computing.
Average Trading Volume: 1,081,818
Technical Sentiment Signal: Buy
Current Market Cap: A$749.7M
Find detailed analytics on WBT stock on TipRanks’ Stock Analysis page.