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Weebit Nano Secures $50M Capital Boost and Key onsemi Licensing Deal
8:22am on Friday 31st of January, 2025 AEDT
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Technology
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Weebit Nano Secures $50M Capital Boost and Key onsemi Licensing Deal
8:22am on Friday 31st of January, 2025 AEDT
Key Points
Signed pivotal ReRAM licensing deal with semiconductor giant onsemi
Raised A$50 million at a 6.5% premium, boosting cash reserves to A$97 million
Progressing qualification of ReRAM technology at DB HiTek, expected in 2025
Appointed experienced Non-Executive Director Anne Templeman-Jones to strengthen governance
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