Shhh plzLDA CapitalOn 13 October 2021 BrainChip and LDA Capital...

Shhh plz

LDA Capital
On 13 October 2021 BrainChip and LDA Capital Limited and LDA Capital LLC (“LDA Capital”)
announced The Second Amendment to the Put Option Agreement (“POA”) (refer ASX
announcements dated 13 August 2020 and 26 October 2020) allowing the deferral of the
remaining A$5.3M draw-down obligation (“First Minimum Draw Down Amount”) until 28 February
2022, previously due 22 October 2021, while increasing the total LDA commitment under the
agreement to A$65M. The Company’s minimum draw-down obligation was also increased by
A$30M.
Subsequent to the December quarter end on 14 January 2022, BrainChip submitted a capital call
notice to LDA Capital in accordance with the POA to subscribe for up to 15M shares. The purpose
of this capital call notice was primarily to satisfy the Company’s obligation under The First
Minimum Drawdown Amount to draw a minimum of A$5.3M no later than 28 February 2022, as
well as to ensure the Company will meet the liquidity requirements necessary to execute the
business plan.