Weebit Nano opens A$15 million Share Purchase Plan to accelerate ReRAM commercialisation

Share Purchase Plan Details and Timetable

Weebit Nano Ltd (ASX:WBT) has announced the launch of a non-underwritten Share Purchase Plan (SPP) to existing shareholders registered in Australia and New Zealand as of 7.00pm Sydney time on 25 March 2026. The SPP offers eligible shareholders the opportunity to purchase up to A$30,000 worth of new ordinary shares at an issue price of A$4.05 per share, which is the same price as the recent institutional placement completed on 26 March 2026.

The company intends to raise up to A$15 million through the SPP, with the option to increase this amount or scale back applications at its absolute discretion. The offer opened on 7 April 2026 and is scheduled to close at 5.00pm Sydney time on 29 April 2026. New shares issued under the SPP are expected to be allotted and commence trading on the ASX on 6 May 2026, ranking equally with existing shares.

Context of Capital Raising and Use of Proceeds

This SPP follows Weebit Nano’s recent capital raising activities, including a fully underwritten institutional placement raising approximately A$80 million and a non-underwritten Israeli placement raising about A$7 million. Together with the SPP, these initiatives aim to provide the company with additional funding to accelerate the scale-up and commercialisation of its Resistive RAM (ReRAM) technology, as well as to support the development of its artificial intelligence offerings and general corporate purposes.

Weebit Nano’s ReRAM technology is positioned as a next-generation non-volatile memory solution designed to offer faster, more reliable, and energy-efficient alternatives to existing flash memory. The company highlights its technology’s compatibility with existing semiconductor manufacturing processes, potentially facilitating quicker integration and commercial adoption.

Participation and Eligibility

Participation in the SPP is optional and limited to shareholders with registered addresses in Australia or New Zealand who held shares as of the record date. Shareholders in the United States or acting for the account or benefit of persons in the United States are excluded from participation. Eligible shareholders may apply for fixed application amounts ranging from A$2,500 up to the maximum of A$30,000.

Applications can be made via BPAY® for Australian shareholders or electronic funds transfer for New Zealand shareholders, with no brokerage or transaction costs payable. The company has outlined detailed terms and conditions governing the offer, including provisions for potential scale back of applications and the irrevocable nature of applications once submitted.

Regulatory and Legal Considerations

The SPP is conducted in compliance with the Australian Securities and Investments Commission (ASIC) Corporations Instrument 2019/547, which exempts the company from issuing a formal disclosure document for the plan. The offer document explicitly states that the new shares will not be registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the United States except in certain offshore transactions. The company also notes that the timetable and terms of the SPP may be varied at its discretion in accordance with applicable laws and ASX Listing Rules.

Weebit Nano advises shareholders to consider the risks associated with the SPP, including the possibility that the market price of shares may fluctuate between the offer date and the issue date, potentially resulting in a market price lower than the issue price paid under the SPP. The company encourages shareholders to seek professional advice if uncertain about participating.