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BRAINCHIP HOLDINGS LTD — Capital/Financing Update 2016
Apr 21, 2016
64564_rns_2016-04-21_238389b2-86a0-4f95-898c-09adb4dd5e19.pdf
Capital/Financing Update
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ASX PRESS RELEASE
22 April 2016
DISPATCH OF PROSPECTUS AND ENTITLEMENT AND ACCEPTANCE FORMS FOR NON‐RENOUNCEABLE ENTITLEMENT OFFER
BrainChip Holdings Ltd (ASX: BRN) (“ BrainChip ” or “the Company ”), is pleased to advise that it has today dispatched to Eligible Shareholders the Prospectus and Entitlement and Acceptance Forms for the Non‐Renounceable Entitlement Offer.
BrainChip is seeking to raise up to approximately A$4,075,000 (before costs) through a pro rata non‐renounceable entitlements offer of 1 fully paid ordinary share in the capital of the Company ( Share ) for every 26 Shares held by eligible shareholders on 20 April 2016 at an issue price of A$0.15 per Share ( Offer ). Full details of the Offer were included in the ASX announcement made on 14 April 2016.
About BrainChip Holdings Ltd (ASX:BRN)
BrainChip Inc, located in Aliso Viejo, CA, has developed a revolutionary new Spiking Neuron Adaptive Processor (SNAP) technology that has the ability to autonomously and rapidly learn and associate information just like the human brain. SNAP technology learns in seconds. This exemplifies a new level of machine learning that is expected to surpass deep learning, which requires days or weeks to train. The SNAP technology is fast, completely digital, and consumes very low power. Additional information is available by visiting www.brainchipinc.com
Forward Looking Statements
This press release may contain certain forward‐looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward‐looking in nature and subject to risks and uncertainties. Such forward‐looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of BrainChip Holdings Limited to be materially different from the statements made herein.
BrainChip Holdings Ltd ACN 151 159 812 Level 2, 6 Thelma Street, West Perth WA 6005 T: +61 8 9444 2555 | F: +61 8 9444 1600 | W: www.brainchipinc.com
ASX PRESS RELEASE
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Company Contact:
Neil Rinaldi BrainChip Holdings Ltd Director [email protected]
Corporate Advisors:
Chris Francis Foster Stockbroking Executive Director +61 2 9993 8167 [email protected]
Investor Relations Contact: Australia:
Ben Knowles Walbrook Investor Relations +61 426 277 760 [email protected]
USA:
Greg Falesnik Senior Vice President – MZ North America Main: 949‐385‐6449 [email protected] www.mzgroup.us
BrainChip Holdings Ltd ACN 151 159 812 Level 2, 6 Thelma Street, West Perth WA 6005 T: +61 8 9444 2555 | F: +61 8 9444 1600 | W: www.brainchipinc.com