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WEEBIT NANO LTD — Capital/Financing Update 2019
Sep 17, 2019
66042_rns_2019-09-17_fece3a9a-b589-4b7c-ae99-e78348ece17e.pdf
Capital/Financing Update
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Non-renounceable Entitlement Offer – closing date reminder
18 September 2019 – Weebit Nano Ltd (the “Company") wishes to remind eligible shareholders that the closing date to participate in the non-renounceable entitlement offer announced on 27 August 2019 (“ Entitlement Offer ”) is 5.00pm (AEST) on Friday 20 September 2019.
Eligible shareholders at the record date of 3 September 2019 have the opportunity through the Entitlement Offer to subscribe for 1 share for every 9.5 shares held at the price of $0.39 per New Share to raise up to $2.5 million.
Eligible Shareholders may also apply for New Shares in excess of their entitlement ( Additional New Shares ) under a shortfall facility. Any Additional New Shares will be limited to the extent that there are New Shares not taken up under the Entitlement Offer and to the extent permitted by law. The Company reserves the right to issue the Additional Shares in its absolute discretion.
Weebit Nano directors that are eligible to participate have committed to taking up entitlements under the Entitlement Offer, which is in addition to the Board’s participation in the Placement.
The full details of the Entitlement Offer are contained in the Offer Booklet, which was mailed to eligible shareholders on or about Friday, 6 September 2019.
For further information, contact:
Investors Media Eric Kuret Jasmine Walters Market Eye Market Eye P: +61 3 9591 8904 P: +61 3 9591 8917 E: [email protected] E: [email protected]
About Weebit Nano Limited
Weebit Nano is a leader in the development of next generation computer memory technology, and plans to become the new industry standard in this space. Its goal is to address the growing need for a significantly higher performance and lower power computer memory technology. Weebit Nano’s ReRAM technology is based on fab-friendly Silicon Oxide, allowing the company to rapidly execute, without the need for special equipment or preparations. The company secured several patents to ensure optimal commercial and legal protection for its ground-breaking technology.
Weebit Nano’s technology enables a quantum leap, allowing semiconductor memory elements to be significantly cheaper, faster, more reliable and more energy efficient than the existing Flash technology. Weebit Nano has signed an R&D agreement with Leti, an R&D institute that specialises in nanotechnologies, to further develop SiOx ReRAM technology.
- For more information please visit: http://www.weebit nano.com/
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Contact
Office: +972-9-7797832 [email protected] www.weebit-nano.com