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
News07 Dec 2017 Shaw and Partners, the new official jersey sponsor of the Manly Sea Eagles
Shaw and Partners are excited to announce that we have today, joined The Manly Warringah Sea Eagles Club as a Senior Partner.   From today, Shaw and Partners will become the fron... Read More
News05 Dec 2017 Shaw and Partners appointed Co-Lead Manager to the $60m capital raising announced by Centuria Metropolitan REIT
Shaw and Partners has been appointed Co-Lead Manager in relation to the equity capital raising announced by Centuria Metropolitan REIT (ASX.CMA).   Centuria Metropolitan REIT is ... Read More
News04 Dec 2017 IPO candidate Carbonxt taps coal power clean-up
An little-known United Nations convention which came into force in August is behind the business case for IPO candidate Carbonxt Group, which is raising $10 million to help it ex... Read More
News27 Nov 2017 Brand Ambassadors Cory Hill and Rachel Clarke battle treacherous conditions to take out first place in The Perth Doctor race in their respective divisions
Shaw and Partners is the proud, major sponsor of the Ocean Paddler Australian Ocean Racing Series (AORS). The AORS is a national ocean racing series attracting competitors across a... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%