Weebit Nano is an Israeli company founded in 2015 and traded on the ASX (Australian Stock Exchange) since 2016. Tech company Weebit Nano (WBT) has raised $12 million to support commercialisation and accelerate research and development The placement to new and existing sophisticated and institutional investors is part of an overall $15 million capital raise The remaining $3 million will come via a share purchase plan (SPP) One key man behind Intel’s success is David ‘Dadi’ Perlmutter – former Executive Vice President and Chief Product Officer. Weebit Nano operates in Australia and Israel. Weebit Nano (ASX:WBT) launches SPP, eyes $3M raise. Pitt Street Research updates its valuation post cap raising. Combined with the raise in mid-2020 and assuming a quarterly cash burn of $1.2m, we believe WBT now has a comfortable cash position of around $19m per 1 January 2021. ", "We are excited by the opportunities we see and look forward to continuing to grow shareholder value.". Weebit Nano is expected to deliver its first memory module by end-2020. The share price surged 17% to 88 cents this morning before falling back to 84 cents at the time of writing. Following the recent capital raising, the uncertainty around the company’s funding has been substantially reduced. Pitt Street Research's update on Weebit Nano's valuation has generated an estimated $4.75 per share. The Weebit Nano Ltd share price is breaking into a new 52-week high today. Let's take a look at what has been happening lately. The company has signed collaboration agreements with potential customers across China (XTX Technology and SiEn Integrated Weebit Nano (ASX:WBT) under the Lens: files two patents, raises capital via SPP. October 15, 2020 | Press Release By Pitt Street Research. It has a 52-week high of $2.47, and currently commands a market cap of … The company recently raised $9.1M from an institutional placement and a strongly oversubscribed SPP. Supplementary Prospectus On May 19, 2016 from ASX. Weebit Nano Completes Stabilisation Process and Moves Closer to Silicon Oxide ReRAM Production Conducted with Leti, final stage in stabilisation process reduced cell to cell and die to die non-uniformity, further increased level of functional cells, and ensured batch-to-batch repeatability. Be the first with the news that moves the market, ASX Today: Steady start as US record run goes on, Imugene (ASX:IMU) presents key findings to leading cancer research association, Vulcan Energy Resources’ (ASX:VUL) DLE pilot plant swings into operation, Amid election fallout, Greenland Minerals (ASX:GGG) CEO claims “Kvanefjeld can be readily managed by modern mining methods”, AnteoTech (ASX:ADO) receives CE Mark approval for COVID-19 test, Deloitte: Australian economy is “roaring back”, but full international travel is years away, Renergen (ASX:RLT) signs “landmark” helium sales deal, Currently Trading at Tue, 13 Apr 10:34am, Weebit Nano (WBT) has successfully completed a $3 million share purchase plan, The purchase plan was strongly supported, with nearly $20 million in valid applications received, Almost a quarter of eligible shareholders applied for more shares under the offer, applying for an average parcel worth nearly $12,500, However, due to the large number of applications, WBT has confirmed allocations will be cut back severely, In fact, shareholders should only expect to receive around 5.6 per cent of their current holding to keep the proceeds at $3 million, WBT shares are trading up 4.83 per cent on Friday at $1.85. Weebit Nano Ltd secured commitments existing and new sophisticated and institutional investors to place circa $6.6 million worth of new shares via a two-tranche placement.. Weebit Nano CEO Coby Hanoch says "the operational progress we have achieved to date has underpinned a significant increase in our market capitalisation and trading liquidity. Address. Weebit Nano was required to significantly scale back SPP applications after receiving almost $20 million in valid applications from 1,597 eligible shareholders – representing a participation rate of 24 per cent and an average application amount of approximately $12,500. Phone. Weebit's top competitors are Crossbar, Inc., Everspin and Avalanche Technology. On behalf of the Board of Weebit Nano Ltd (Weebit Nano or WBT), I am pleased to offer you the opportunity to participate in the WBT Share Purchase Plan (SPP). Weebit Nano (WBT) will walk away with a lot more cash than expected, upsizing its recent share purchase plan (SPP) from $500,000 to $2.52 million. Weebit Nano ((WBT)) recently raised $15m (before costs) through an institutional placement and a Share Purchase Plan (SPP). The upsizing attracted strong … Technology player Weebit Nano Limited (ASX:WBT), along with its development partner Leti, announced on 21 December that they recently filed two patents linked to WBT’s Silicon Oxide (SiOx) ReRAM technology. In what could be seen as disappointing news for shareholders or prudent financial management, allocations will now be restricted to 5.64 per cent of their current holding. See Weebit's revenue, employees, and funding info on Owler, the world’s largest community-based business insights platform. As announced to ASX on 15 June 2020, the Company has received commitments to raise circa $6.6 The Weebit Nano (ASX: WBT) share price has cracked a new 52-week high with no news out. ... Weebit offered a share purchase plan (SPP) to eligible shareholders to raise $3 million at $1.70 per share. During the SPP, 24 per cent of eligible shareholders applied for nearly $20 million worth of shares, applying for an average parcel worth nearly $12,500. Shares will be offered at an issue price of $1.70, the same terms as the placement, representing a 20.3 per cent discount to the 10-day volume-weighted average price. Subscribers will receive 1 option, which is intended to be listed1, for each placement share . The SPP provides you with the ability to subscribe for up to A$30,000 worth of new ordinary shares in WBT (New Shares) without incurring brokerage or any other transaction costs. This is underpinned by the strain that the pandemic has placed on all our digital systems and devices. In turn this has substantially reduced the investment risk for WBT. The summary for WEEBIT NANO LTD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots. Shares in the computer memory developer hit $4.27 earlier in trade today, before slipping its current $4.11. The placement options will be exercisable at $0.45 each with an expiry date of 18 months from issue. Weebit Nano () Overview. The future looks bright for Weebit Nano With sufficient funding in place to get to commercialisation of the embedded memory module by mid-2021, we believe things are looking very promising for WBT. Weebit Nano successfully completes $3 million Share Purchase Plan. Much like BRN, Weebit Nano (ASX:WBT) finds its self 6 months behind BrainChip. Offer to Close on or Before 10 June 2016 On May 30, 2016 from ASX. Both the placement and SPP were set at $1.70 per share. During the SPP, 24 per cent of eligible shareholders applied for nearly $20 million worth of shares, applying for an average parcel worth nearly $12,500. The Weebit Nano share price has surged more than 350% as the market sees its product nearing commercialisation. Executives. The SPP comes on the back of a recent institutional placement that netted another $12 million. 61-8-9389-9919. Public & SPP Offers Closed On Jun 20, 2016 from ASX. Share Purchase Plan (SPP) details Weebit Nano intends to offer the opportunity to all eligible shareholders to subscribe for up to $30,000 of fully paid ordinary shares in a non-underwritten SPP shares, under the same terms as the placement to raise up to $3 million. Weebit Nano Ltd share price surged 35.338% to $1.800 on 23 October (AEDT 1:48 PM) after the company posted substantial technical progress even after COVID-19 during Q1 (ended 30 September 2020) FY21 update.Some of the highlights included: Weebit Nano (WBT) has opened a $3 million share purchase plan following its $12 million placement. Technical analysis gauges display real-time ratings for the selected timeframes. Credit Clear (CCR) has signed Suncorp Group (SUN) as its first major insurance sector client. Weebit Nano Ltd (ASX: WBT, “Weebit” or “Company”), a developer of next generation memory technology for the global semiconductor industry, is pleased to announce that its Share Purchase Plan (SPP) previously announced to the market on 2 December 2020, closed on 15 December 2020 heavily oversubscribed. Share Purchase Plan details Weebit Nano intends to offer the opportunity to each of its existing eligible shareholders to subscribe for up to $30,000 of fully paid ordinary shares (SPP Shares) , under the same terms as the Placement to raise $500,000, Boom tech stock Weebit Nano (WBT) has raised $3 million in a massively oversubscribed share purchase plan (SPP). Combined with the raise in mid-2020 and assuming a quarterly cash burn of $1.2m, we believe WBT now has a comfortable cash position of around $19m per 1 January 2021. Since listing on the ASX in August 2016 through a reverse takeover, WBT has seen a meteoric rise. Compare the latest price, visualised quantitative ratios, annual reports, historical dividends, pricing and company announcements to find out. Samantha Goerling; 02 December 2020 11:15; Technology; Weebit Nano (ASX:WBT) raises $12M to get market-ready. between RAD and WEEBIT, acting reasonably; (iv) the Company obtaining shareholder approval to give effect to the Acquisition and the change of the Company name to “Weebit Nano Ltd” (or such other name as is agreed between the parties); (v) Weebit and or the holding agent obtaining any relief from ASIC Weebit Nano (ASX:WBT) recently raised $15m (before costs) through an institutional placement and a Share Purchase Plan (SPP). WBT shares are trading up 4.54 per cent at $1.84 at 10:23 am AEDT. On behalf of the Board of Weebit Nano Ltd (WBT or Company), I am pleased to offer you the opportunity to participate in WBT’s SPP Offer. About Weebit Nano Limited. Weebit Nano will use the funds to accelerate the development of its next-generation memory technology for the global semi-conductor industry. An initial $5 million market cap has surged to around $200 million today, a 4000 per cent gain. Harris Technology Group (HT8) has notched up another quarterly sales record, spurred on by the online retailer’s entry into the gaming market. Website www.weebit-nano.com. Josh Smith; 23 October 2020 12:39; More News. 12 Parliament Place Suite 7, 55 Hampden Road Nedlands, WA 6009 Australia. Its ReRAM memory has captivated the market’s attention. Eligible shareholders may subscribe for up to $30,000 worth of securities. Is Weebit Nano (ASX:WBT) a buy? This has resulted in Weebit's recent inclusion in the S&P/ASX Technology index. Combined with the raise in mid-2020 and assuming a quarterly cash burn of $1.2m, we believe WBT now has a comfortable cash position of around $19m per 1 January 2021. By Pitt Street Research Weebit Nano ((WBT)) recently raised $15m (before costs) through an institutional placement and a Share Purchase Plan (SPP). The Weebit Nano Ltd share price has rocketed following the release of a company update. The company is focused on addressing the exponentially growing need for new and advanced memories and providing the world with the future of memory today. Results are available at a quick glance. Weebit Nano closes heavily oversubscribed $3 million SPP; files two new patents December 22, 2020 by Staff Writers Locally listed semiconductor company Weebit Nano Limited (ASX: WBT) has had an exceptional 2020 with its share price increasing more than … Results of Meeting On May 17, 2016 from ASX. Weebit Nano upsizes oversubscribed Share Purchase Plan 20 July 2020 – Weebit Nano Ltd (ASX: WBT, “Weebit” or “Company”), a developer of next generation memory technology for the global semiconductor industry, is pleased to announce the successful closing of its Share Purchase Plan (“SPP”) on 17 July 2020 (previously announced to ASX on 15 June 2020 By Ryan Clarkson-Ledward By all accounts, Weebit Nano Ltd [ASX:WBT] is one of the biggest winners of 2020. 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. Weebit Nano (ASX:WBT) is focused on the commercialisation of its proprietary SiOx-based ReRAM (Resistive Random Access Memory) technology, which has applications in both the discrete and embedded memory markets. Boom tech stock Weebit Nano (WBT) has raised $3 million in a massively oversubscribed share purchase plan (SPP). When it comes to semi-conductor chip manufacturing, there is no company more successful than global behemoth Intel. Website by Oracle Digital, Subscribe to TechInvest & we will send you a weekly summary of all articles published, Get a brief weekly update on every article published, AnteoTech joins $130M future battery industries CRC, Axe takes a swing at sub-10 nanometre biochip fabrication, AFT secures new partners in Poland and Greece. Weebit Nano - sharesinvalue.com.au We help self-directed investors and self-managed super funds (SMSF) make smarter investment decisions and get better returns. The upsizing follows the original SPP that was launched earlier this month. Commonwealth Bank’s (CBA) venture investment arm X15ventures is set to snap up a $1 million stake in Identitii’s (ID8) late bill payment subsidiary, Software solutions provider Adveritas (AV1) has grown its freemium subscribers to more than 2100 and its paying customers to around 170 across multiple. 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