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Pathkey.AI Ltd (ASX:PKY)

ALERT: Price-sensitive ASX Announcement for PKY
Current share price for PKY : $0.038 0.007 (22.58%)+
Release
12 Aug 2026 10:01AM
Price at Release
$0.031
Full Release
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Summary
Pathkey.AI Ltd, an Australian technology company, announced the appointment of Sam Weiss, former Chairman of Altium Limited, as a strategic advisor. The company also raised $2.8 million through a strategic placement at $0.028 per share, with Weiss serving as a key cornerstone investor. The funds will be used to accelerate the development of Chipforge, an AI-powered chip design platform, and support business development programs. This strategic move aims to leverage AI-native automation in semiconductor design, similar to Altium's success in the electronic design automation sector.
Key Points
  • Appointment of Sam Weiss as strategic advisor
  • Raised $2.8 million through strategic placement
  • Funds to accelerate Chipforge development
  • Sam Weiss was former Chairman of Altium Limited
  • Strategic focus on AI-native automation in semiconductor design
  • Shares issued at $0.028 per share
  • Sam Weiss cornerstoned the placement
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.