BRN

0.00%

20.0¢ brainchip holdings ltd

Email update reply from BRN investor relations, page-19

First 19 Last

Share
Profile

Follow
Antenna Genie

241 Posts.

38

06/10/20

22:11

Post #: 47895476
Share

Originally posted by NFLFALCONS: ↑

From: Ken Scarince Sent: Tuesday, 6 October 2020, 11:54:09 am AEDTSubject: RE: BrainChip LDA Capital Financing Facility Agreement Particulars

Hi

Thanks for your email and your well-wishes. So far we’re all safe on this end and I hope you are the same there. I’ve heard life in Australia has returned to normal these days and we are all very envious here!

You have good timing on your LDA question. Today is the closing day of the first put (yesterday in Australia). We will receive the final closing amount tomorrow which will simply be the 35M shares multiplied by 90% of the 30 day VWAP ended on 05-October. We have our own estimate but we’ll need to see what LDA determines that to be. I believe our CEO, Lou DiNardo, will then release an ASX Announcement on that.

You asked a very interesting question on the mechanics of the deal. LDA has the right to do whatever they want to do with the shares but they are obligated to purchase them from us and pay us. At this point, they have not purchased them yet but since they sold the shares on the open market already, they must purchase them from us after the pricing period closes, which was yesterday (in Australia). They do have the right to not sell up to 50% of them and to give them back to us after the pricing period is over rather than purchasing them from us but they are obligated to purchase any shares that they sold to the market. Let me know if that made sense.

I did speak to Peter about your request and he is going to prepare something that can be shared with the market. They are doing some really interesting stuff there that mostly involves big data analysis which of course is a strength of AI. We hope that this really picks up once Akida is available for commercial use. I will remind him to think about sharing some of his work. Thanks again, [email protected]>@brainchip.com>

Expand

does that mean LDA shorted brn. as they sold shares they don't own?

BRN Price at posting: 35.0¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Bitcoin investors need to know the risks

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

ASX hits all time high out the gate on Friday trades following bullish US inflation data

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

GED

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

There are more pages in this discussion • 27 more messages in this thread...

First 19 Last

Add BRN (ASX) to my watchlist

(20min delay)
Last 20.0¢		Change 0.000(0.00%)		Mkt cap ! $371.1M

Open	High	Low	Value	Volume
19.5¢	20.5¢	19.5¢	$656.1K	3.281M

Buyers (Bids)

No.	Vol.	Price($)
16	364081	20.0¢

Sellers (Offers)

Price($)	Vol.	No.
20.5¢	1348618	18

View Market Depth

No.	Vol.	Price($)
16	364081	0.200
44	1194171	0.195
63	2165365	0.190
32	1383291	0.185
49	1699888	0.180

Price($)	Vol.	No.
0.205	1348618	18
0.210	1248206	20
0.215	432560	19
0.220	724111	24
0.225	361409	12

Last trade - 16.10pm 12/07/2024 (20 minute delay)

BRN (ASX) Chart

Email update reply from BRN investor relations, page-19

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Bitcoin investors need to know the risks

Almonty locks in govt agreement for tungsten oxide plant in South Korea

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Immutep reports strong response rate from immunotherapies treating carcinomas

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Nimy to raise $1.21M to explore 'newsy' WA targets

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Email update reply from BRN investor relations, page-19

Top Stories

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Bitcoin investors need to know the risks

Almonty locks in govt agreement for tungsten oxide plant in South Korea

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Immutep reports strong response rate from immunotherapies treating carcinomas

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Nimy to raise $1.21M to explore 'newsy' WA targets

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News