Running discussion on SP, page-5257

Just to remind everyone, the last benchmark company valuation that was "market tested" was the CR completed last April, when mostly institutional investors (and some retail) bought a total of 12 million shares at $5.00 for a total investment of $60m. There would be no doubt whatsoever that the institution investors would have done a substantial amount of due diligence on the company, and its future prospects, before deciding to buy in at $5 per share. Nothing has changed on the company side since then, except that they now have an extra $60m in the bank to fund commercialisation, removing the need for any further cap raise for the next couple of years. I find it mindboggling that a large player has decided lately to sell large numbers of shares at a big discount to the CR. At least in hindsight, WBT made a spectacularly good decision to raise a good chunck of cash at $5.00. That decision leaves no room for the downrampers to claim that further cap raises will be needed anytime soon.

"24 April 2023
Weebit Nano raises $15 million via upsized and scaled-back SPP Highlights
• Weebit Nano has successfully completed an upsized and scaled-back Share Purchase Plan to existing shareholders, raising approx. $15 million
• SPP brings total funds raised to approx. $60 million, comprising approx. $15 million from the SPP and $45 million from the recently completed underwritten institutional placement
• Funds raised will be used to accelerate the commercial roll-out and development of Weebit Nano’s ReRAM technology"

All IMHO, DYOR