BRN 1.16% 21.8¢ brainchip holdings ltd

Sorry...allocated into what fund? LDA Capital will not be...

  1. 226 Posts.
    lightbulb Created with Sketch. 98

    Sorry...allocated into what fund? LDA Capital will not be transferring capital from their balance sheet. This is a mechanism for BRN to take advantage of market liquidity and sell stock under the agreement to fund their capital requirements. From my understanding LDA will effectively borrow stock off one of BRN's shareholders (maybe PVDM) and sell shares on instruction from BRN depending on price/requirements etc. BRN will be in control of when and at what price they sell shares.

    see announcement: "The Company will control the timing and maximum amount of the draw down under this facility subject only to the minimum draw down commitment of A$10 million within the first 12 months."
 
watchlist Created with Sketch. Add BRN (ASX) to my watchlist
(20min delay)
Last
21.8¢
Change
0.003(1.16%)
Mkt cap ! $399.0M
Open High Low Value Volume
21.5¢ 22.0¢ 21.0¢ $196.4K 913.4K

Buyers (Bids)

No. Vol. Price($)
12 191799 21.5¢
 

Sellers (Offers)

Price($) Vol. No.
22.0¢ 1075232 24
View Market Depth
Last trade - 10.24am 04/07/2024 (20 minute delay) ?
BRN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.