Shaw and Partners appointed Lead Manager to the $21.5m Brainchip capital raising News27 Oct 2017

Shaw and Partners has been appointed Lead Manager to the $21.5m Brainchip capital raising

 

Brainchip Holdings Limited (ASX.BRN) is seeking to raise up to $21.5m via a placement of up to approximately 119.4m shares to be issued at $0.18 per share.

 

The net proceeds of the placement will be used to:

  • fund ongoing research and development of its existing video analytics products and new AKIDA Processor product;
  • fund operational capabilities, including capacity to service new contract wins; and
  • fund sales and marketing initiatives to drive sales via OEMs, integrators and other partners.

 

THE OFFER IS OPEN TO AUSTRALIAN RESIDENT SOPHISTICATED AND PROFESSIONAL INVESTORS ONLY

 

For more information please contact your Shaw and Partners Adviser

 

About Brainchip Holdings Limited

Brainchip Holdings Limited is the global leader in commercialisation of Spiking Neural Networks technology, which mirrors the processing of the human brain. The Company current deploys its products globally to government and institutional clients. BRN’s patented intellectual property protects its technology and market position.  www.brainchipinc.com

Related Articles
News16 May 2018 Shaw and Partners adds depth to the AORS paddling cash pool
Off the back of a successful two year partnership with Oceanpaddler as the co-presenting partner of the Australian Ocean Racing Series (AORS), Shaw and Partners Financial Services ... Read More
News07 May 2018 Shaw and Partners appointed Joint Lead Manager to the Macquarie Group Capital Notes 3
Macquarie Group Limited today announced its intention to raise $A600 million with the ability to raise more or less, through the offer of Macquarie Group Capital Notes 3 (“MCN3”). ... Read More
News02 May 2018 Shaw and Partners appointed Co-Manager to the WAM Global Limited IPO
Shaw and Partners has been appointed Co-Manager to the WAM Global Limited (ASX: WGB) Initial Public Offering.   WAM Global Limited is offering for subscription a minimum of 7,500... Read More
News30 Apr 2018 Shaw and Partners Race Team website launches today
Today Shaw and Partners is proud to announce the launch of the Shaw and Partners Race Team website: https://racingteam.shawandpartners.com.au     The website has been created ... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%