BRN Discussion Ongoing
- Thread starter TechGirl
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Fact Finder
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Yes sorry if that is not clear. I have extracted from the April 4C the following paragraph:
"In January 2023, BrainChip submitted a capital call notice to LDA Capital Limited and LDA Capital LLC (“LDA Capital”) to subscribe for up to 30,000,000 shares with an option for LDA Capital to subscribe up to an additional 10,000,000 shares subject to the approval of BrainChip. Subsequent to the quarter end, A$12,232,543 was received from LDA Capital upon the issue of 20,756,540 shares. Funds raised through this capital call notice will be deployed to strengthen the Company’s global sales capabilities and engineering support team ahead of the release of Akida 2.0 later this year."
As can be seen the company created 30,000,000 new shares and gave these to LDA Capital on trust to use to raise the obligated $15 million before 23.12.23.
As can be seen only 20,756,540 shares were called by LDA Capital in raising $12,232,543. The share price fell below the stipulated minimum price set by Brainchip so the full $15 million could not be achieved.
This left 9,243,460 shares uncalled and being held on trust by LDA Capital.
It also leaves $2,767,457 to be called before 23.12.23.
To satisfy this amount at 19 cents a share Brainchip would need to provide about 15,000,000 shares to LDA Capital however as it already holds 9,243,460 shares left over from the previous raise Brainchip will only need to create/issue a further 5,756,540 shares. (This assumes that the share price of course stays at about 19 cents up to 23.12.23.)
As to the question of can Brainchip negotiate a different call date the answer is that historically Brainchip and LDA Capital have done so. The advantage to Brainchip on that occasion was to move the due by date and secure further funding at a discount over the previous relationship and for LDA Capital it was to continue a relationship which had proven profitable for them. So it is clearly possible that a further amendment of the agreement could take place. Whether this will occur remains an open question for Brainchip and LDA Capital.
The dilution that would flow to individual shareholders of issuing an additional 5,756,540 shares however is less than a third of one percent.
My opinion only so DYOR
FF
Berlinforever
Member
I thought that newcomers might struggle with a lot of the very well researched content here, so I asked myself how I would explain BrainChip to my parents. I am certain, that aspects of this multiple page summary will not standup to the technical scrutiny applied here. Just trust me that I am here for the long run.
open.substack.com
BrainChip: The Cloud-Free Future is Here
Comprehending a revolutionary concept is not easy. Too often we get intimidated by jargon or struggle to see the core concept. That happened to me when I became curious about BrainChip (NASDAQ: BRCHF, ASX: BRN).
open.substack.com
TheDrooben
Pretty Pretty Pretty Pretty Good
Interesting Sunday read.......interview with Intel's Pallavi Mahajan
venturebeat.com
A chat about AI’s role in networking and the edge with Intel’s Pallavi Mahajan
The edge of the network isn’t always where you find the most powerful computers. But it is the place where you can find the most ubiquitous technology. The edge means things like smartphones, desktop PCs, laptops, tablets and other smart gadgets that operate on their own processors. They have...
Sam
Nothing changes if nothing changes
Tothemoon24
Top 20
Vision is Becoming Ubiquitous
Vision is coming to nearly all electronics devices in the same way that wireless connectivity has. And, as vision becomes ubiquitous, new applications open and existing applications will dramatically expand in scope. The Onsemi Hyperlux LP sensors are designed for low power, high image quality and low-light sensitivity; three of the key requirements for the next generation of vision equipped devices.By moving key features, such as wake on motion and region of interest focus onto the sensor, the image signal processing load is reduced allowing for more choices in system optimization.
Terroni2105
Founding Member
Our newest partner going full steam ahead.
DerAktienDude
Regular
That’s what I’m hoping for too.
A Lumpy 30-40 million in revenue out of nowhere that’ll scare shorters from doing what they do for the near furture.
Even though it won’t be the healthy steady growth that we’re all looking for it surely would change the risk reward ratio for shorters considering BRN.
TheUnfairAdvantage
Regular
Ping.
... which is continuously charged via the alternator.
Not sure if already posted, from 6 days ago.
www.edgeir.com
BrainChip aims to amplify edge AI with second-gen Akida platform | Edge Industry Review
The company developed this IP solution to cater to various applications across the smart home, smart city, industrial and automotive sectors.
Fastback6666
Regular
So it’s not the same driver assist tech in your Corolla then.
C’mon man compare apples with apples - the DA space is huge a massively varied in the smarts of the system’s being released.
Fastback6666
Regular
I was just about to post the same thing @M_C
A very low volume day - a good sign of manipulators having a rest for once and mass selling done, even though the buy side is fully loaded but I’ll gladly take that - a sign the insto’s who have bought in want support to go not much lower than around .15 at present.
As you also mentioned the shorters dropped by another half a percent which is great to see from 3 days ago, happy for that to continue.
All signs point to …
……
well at least some stability in the SP for now.
Bravo
If ARM was an arm, BRN would be its biceps💪!
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