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27.5¢ brainchip holdings ltd

2021 - The Year of Akida, page-313

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Bev

479 Posts.

28

04/02/21

09:20

Post #: 50693992
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Originally posted by Fact Finder ↑

At some point yesterday I read a post and thought I should clarify for the benefit of new shareholders and others the present situation regarding LDA Capital and the financing agreement.

As we know BRN extended the agreement to permit a draw down by way of put option to a total of $45 million dollars.

Under that extended agreement BRN is obligated in the next year to draw down a minimum further amount by put option of $9 million dollars regardless of how much cash it receives from customers such as Renesas.

The present balance sheet of the company being so healthy will allow this draw down to occur at a time chosen by the company which best suits the company and its shareholders.

The higher BRN share price at the time of the draw down the fewer shares issued under the put option so at a share price of say $1.10 only 9 million shares or less required to add the $9 million to the cash reserves of BRN.

Not something which should cause any concern but did not want holders to be surprised when it occurs.

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Or at $9 per share - only one million issued

That's what I call being in charge of your own destiny. We are past the point of being starved for funds as so often happens to struggling Aussie tech companies.

BRN Price at posting: 53.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 27.5¢		Change -0.025(8.33%)		Mkt cap ! $539.6M

Open	High	Low	Value	Volume
29.5¢	31.0¢	27.0¢	$7.452M	25.81M

Buyers (Bids)

No.	Vol.	Price($)
39	1085587	27.0¢

Sellers (Offers)

Price($)	Vol.	No.
27.5¢	59750	3

View Market Depth

No.	Vol.	Price($)
37	1032069	0.270
19	651021	0.265
28	1057162	0.260
19	592447	0.255
56	806832	0.250

Price($)	Vol.	No.
0.275	59750	3
0.280	920608	11
0.285	272692	6
0.290	546814	14
0.295	913587	11

Last trade - 16.10pm 15/10/2024 (20 minute delay)

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