Here is an article about 1PG (tech company) and the benefits from listing on the ASX opposed to the US.
Brainchip are being issued a large stake in AZK, essentially, this will be their new company with substantial existing tax losses that the company will be able to utilise once they turn a profit.
I see it as them entering a shell company at a much cheaper price, not selling out because they believe in their technology and want to remain in control instead of selling out as at a high price to some big dogs.
After reading the the performance shares, they are issues on very significant milestones being met such as demonstrating the technology in a race car and getting a legally binding sales contract worth $500k+.
IMO/DYOR etc.
Here is an article about 1PG (tech company) and the benefits...
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