Ann: Capital Call with LDA, page-34

Heard it all before BRN, heard it all before! This is code for we have sweet F all happening and to update you on as we are making no commercial progress and we need more money to keep the doors open!! Should have held out to the mid .40s before buying back in!! Honestly thought end of August/Sep was going to finally see us move forward, finally...

“The proceeds raised from the capital call will be used to strengthen the Company’s balance
sheet and is intended to support ongoing efforts to commercialize the company’s
groundbreaking Akida technology, said Brainchip Founder and CEO Peter van der Made.
“Proceeds will also be used to strengthen the sales & marketing team in anticipation of the
launch of Akida later this year, as well as increased focus on customer engagement and
investor relations activities in Australia, the US and Europe”

Oh dear, not only have we had zero update on AKIDA or EAP but the language being used doesn't sound overly promising, ONGOING EFFORS TO COMMERCIALIZE, LAUNCH OF AKIDA LATER THIS YEAR and this re INVESTOR RELATIONS ACTIVITIES, I encourage you to go back and read announcements from a few years back, we are investing heavily in Australia, US, Europe, building strong sales capability blah blah blah