2023 BrainChip Discussion, page-3452

Under the agreement The issue price for the 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.

In January 2023, BrainChip submitted a capital call notice to LDA Capital Limited. Subsequent to the quarter end, A$12,232,543 was received from LDA Capital upon the issue of 20,756,540shares.

So the issue price of the LDA shares was about $0.59. I don't know when these shares were issued or whether LDA still holds them. But I can't understand why LDA would sell shares to the shorters at a loss.