InvestSMART

Dorsavi Ltd (ASX:DVL)

ALERT: Price-sensitive ASX Announcement for DVL
Current share price for DVL : $0.021 -0.004 (-16%)+
Announcement
Release
6 Oct 2026 9:06AM
Price at Release
$0.025
Full Release
download
Summary
dorsaVi Limited announced it had received firm commitments to raise A$3.0 million before costs through a placement of 136,363,636 new shares at A$0.022 each to sophisticated, professional and high-net-worth investors, with funds earmarked to accelerate its three-part strategy spanning sensors and movement data, an intelligence layer based on licensed neuromorphic IP, and semiconductor development through its RRAM program. The company said proceeds would be used to expand its clinical-grade human movement data library and bespoke data-capture capabilities, including wearable sensors and Video AI, for humanoid robotics developers, while also advancing neuromorphic IP and RRAM development with NTU and ITRI and exploring Physical AI applications in smart-soldier systems, aerial drones and autonomous underwater vehicles. dorsaVi highlighted that its first RRAM-CMOS validation chip had completed front-end and middle-of-line fabrication on TSMC’s CMOS process and was progressing into proprietary RRAM integration and energy testing, intended to inform future 22-nm RRAM-CMOS development. The placement, led by 62 Capital, included free attaching unlisted options on a 1-for-2 basis with a A$0.045 exercise price and three-year expiry, and the company framed the raise as support for converting partner discussions in robotics and defence into evaluations and commercial outcomes.
Key Points
  • dorsaVi received firm commitments to raise A$3.0 million before costs via a placement at A$0.022 per share.
  • The placement consists of 136,363,636 new shares issued to new and existing sophisticated, professional and high-net-worth investors.
  • Proceeds will expand dorsaVi’s clinical-grade human movement data library and bespoke data-capture capability for humanoid robotics developers.
  • Funding will also advance licensed neuromorphic IP and the RRAM development program with NTU and ITRI.
  • The company is targeting exploration of Physical AI applications in smart-soldier systems, aerial drones and autonomous underwater vehicles.
  • dorsaVi said its first RRAM-CMOS validation chip has completed front-end and middle-of-line fabrication on TSMC’s CMOS process.
  • The wafers are moving into proprietary RRAM integration and energy testing to generate silicon data for future 22-nm RRAM-CMOS development.
  • dorsaVi described its strategy as three connected verticals: sensors and movement data, intelligence layer, and semiconductors.
  • The company said discussions with robotics and defence partners highlighted the value of its clinical-grade human movement data and on-demand capture capability.
  • The placement included 68,181,818 free attaching unlisted options on a 1-for-2 basis with a A$0.045 exercise price and three-year term.
  • The issue price represented a 12% discount to the last traded price, a 15% discount to the 10-day VWAP and an 8% discount to the 15-day VWAP.
  • 62 Capital led the placement and will receive a 6% fee on gross proceeds plus 24,000,000 broker options.
  • Settlement of the new shares was expected on or around Monday 19 October 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.