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

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