“In conjunction with the equity capital raising, BrainChip has also fulfilled its current obligations and any rights of the counterparties under the 2020 Put Option Agreement between the Offeror, LDA Capital Limited and LDA Capital LLC. These current obligations have been fulfilled under the terms of the Agreement through the payment by Brainchip of an Early Buyout Fee to LDA Capital of $371,000.
Although all obligations have been met, the agreement remains intact and available for additional capital raises should the company choose to do so until 31 December 2024 at which time the term of the agreement as stated in the Third Amendment to the Put Option Agreement ends.”
Unless the above taken from the BRN ASX advice to shareholders at the recent capital raise is untrue my comments are far from hogwash.
Pity you did not read all the announcement.
My opinion only DYOR
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