The author has misread the notice. If you read the following how the error came about is revealed.
My opinion only DYOR
FF
AKIDA BALLISTA
Sydney – 14 January 2022 – BrainChip Holdings Ltd (ASX: BRN), a leading provider of ultra-low power, high-performance AI processor technology today announced that the company has submitted a capital call notice to LDA Capital Limited and LDA Capital LLC (LDA) to subscribe for up to 15,000,000 sharesThe terms of the Put Option Agreement between the Company and LDA were announced to ASX on 13 August 2020 and 26 October 2020 (First Amendment) and again on 13 October 2021 (Second Amendment).The Capital Call Notice will consist of two pricing periods, each ending with a closing date. The First Pricing period, beginning upon exercise of the put option will extend until the 2021 deferred obligation of $5.3M is priced. The Second Pricing Period begins immediately following the closing of the First Pricing Period and is intended to price all remaining shares with an ending date of 25 February 2022 subject to adjustment based on the share price performance throughout the pricing period.The issue price for the capital call shares in The First Pricing period will be 90% of the higher of the average daily VWAP of shares over the pricing period (subject to any applicable adjustments) and the minimum price notified to LDA Capital by the Company. The issue price for the Second Pricing Period for the remaining capital call shares will be 91.5% of the higher of the average daily VWAP of shares over the pricing period (subject to any applicable adjustments) and the minimum price notified to LDA Capital by the Company.As of the date of the capital call notice, available funding under the agreement amounts to $50.3M while the company is committed to drawing down a minimum of $35.3M no later than 31 December 2023
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