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Weebit Nano Secures $50M Capital Boost and Key onsemi Licensing Deal

6:36pm on Sunday 1st of June, 2025 AEST Technology
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Weebit Nano Secures $50M Capital Boost and Key onsemi Licensing Deal

6:36pm on Sunday 1st of June, 2025 AEST
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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