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Weebit Nano Ltd (ASX:WBT)

ALERT: Price-sensitive ASX Announcement for WBT
Current share price for WBT : $3.050 -2.97 (-49.34%)+
Announcement
Release
14 May 2026 3:23PM
Price at Release
$6.020
Full Release
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Summary
Weebit Nano Ltd has successfully raised approximately $15 million through a Share Purchase Plan (SPP) which was strongly supported by existing shareholders. This SPP follows a fully underwritten institutional placement of $80 million and a non-underwritten placement of $7 million, bringing total funds raised to approximately $102 million. The capital raised will be used to accelerate the scale-up and commercialization of the company's leading ReRAM technology, fast-track AI offerings, and for general corporate purposes. The SPP closed on May 8, 2026, with 3,705,094 new shares being issued at $4.05 each. Due to high demand, applications were scaled back based on certain principles. The funds will support Weebit Nano's growth aspirations and reinforce its market position in semiconductor memory technology.
Key Points
  • Weebit Nano raised approximately $15 million via SPP.
  • Total funds raised reached approximately $102 million.
  • Funds support ReRAM technology commercialization and AI development.
  • SPP closed on May 8, 2026, with high shareholder demand.
  • Applications scaled back due to demand exceeding the $15 million target.
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.