Didn’t, we all get excited about the last trading halt,and it turned out to be the release of 10 million Collateral shares,we they still have 20 million left havnt they that they can do the same with
BRN - BRAINCHIP HOLDINGS LTD
Brainchip Holdings Provides Market Update
17/01/2020 5:23AM BrainChip Holdings updated the market following a trading halt on 15 January 2020. The Company will receive A$520,000 in gross proceeds in exchange for the release of 10,000,000 Collateral Shares (previously issued in accordance with the Convertible Note Agreement announced to the ASX on 26 June 2019). The proceeds will be received by the Company within two business days. No new shares are issued as a result of this transaction. The balance of debt remaining on the note is US$990,000 and the remaining collateral shares to be returned to the Company or otherwise dispositioned is 20,000,000.Market Update(Requires Adobe Acrobat Reader)
Original ASX Announcement BRN 16/01/2020 10:26AM Market Update
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