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Weebit Nano Ltd. ( (AU:WBT) ) has provided an announcement.
Weebit Nano has completed the issuance of 19,753,086 new shares under a fully underwritten institutional placement and 1,728,395 new shares under an Israeli placement, both priced at $4.05 per share. The company has also issued 217,033 shares to directors and employees following the vesting and exercise of restricted share rights under its employee incentive plan.
In parallel, Weebit is launching a share purchase plan for eligible shareholders, to be conducted under an ASIC share plan instrument, with an information booklet to follow. The company confirms that these share issues were conducted without a disclosure document in reliance on statutory exemptions and that it remains in compliance with its financial reporting and continuous disclosure obligations under the Corporations Act, indicating a structured approach to capital raising and governance.
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 an Australia-listed technology company trading on the ASX under the ticker WBT. The company operates in the semiconductor and advanced memory sector, developing and commercialising next-generation non-volatile memory solutions for global electronics and computing markets.
Average Trading Volume: 1,081,818
Technical Sentiment Signal: Buy
Current Market Cap: A$749.7M
See more data about WBT stock on TipRanks’ Stock Analysis page.