FJ-215
Regular
Wonder if Sean still has LDA's number on speed dial.
BrainChip Holdings Ltd announces A$25m equity capital raising
(from page 3)
'In conjunction with the equity capital raising, BrainChip has also fulfilled its current obligations and
any rights of the counterparties under the 2020 Put Option Agreement between the Offeror, LDA
Capital Limited and LDA Capital LLC. These current obligations have been fulfilled under the terms
of the Agreement through the payment by Brainchip of an Early Buyout Fee to LDA Capital of
$371,000. Although all obligations have been met, the agreement remains intact and available for
additional capital raises should the company choose to do so until 31 December 2024 at which time
the term of the agreement as stated in the Third Amendment to the Put Option Agreement ends.'
There is around $37.5 M of funding still available through LDA. I would imagine it would be tempting to secure additional cash now that the SP has recovered.
OR........
No need to raise if deals are about to be done.
Lets go with option 2..
Happy New Year to all!
BrainChip Holdings Ltd announces A$25m equity capital raising
(from page 3)
'In conjunction with the equity capital raising, BrainChip has also fulfilled its current obligations and
any rights of the counterparties under the 2020 Put Option Agreement between the Offeror, LDA
Capital Limited and LDA Capital LLC. These current obligations have been fulfilled under the terms
of the Agreement through the payment by Brainchip of an Early Buyout Fee to LDA Capital of
$371,000. Although all obligations have been met, the agreement remains intact and available for
additional capital raises should the company choose to do so until 31 December 2024 at which time
the term of the agreement as stated in the Third Amendment to the Put Option Agreement ends.'
There is around $37.5 M of funding still available through LDA. I would imagine it would be tempting to secure additional cash now that the SP has recovered.
OR........
No need to raise if deals are about to be done.
Lets go with option 2..
Happy New Year to all!