56Chevy
2年前
Weebit Nano finds an Aussie director to resume trading
Jun 29, 2023 – 2.14pm
Weebit Nano has elevated its company secretary to its board, resolving a governance shortfall that caused shares in the chip manufacturer to be suspended when director Fred Bart resigned on Tuesday and the company couldn’t meet its statutory quota of board members.
The installation of an acting director ends a bizarre chapter for Weebit Nano, one of the fastest rising stocks on the ASX this year. Mr Bart’s abrupt resignation, effective immediately, left the board without enough Australian directors – at least two Australian residents – to comply with the Corporations Act.
Weebit Nano shares sank 17.9 per cent to $5.70 on Tuesday before the market operator suspended it. Its shares resumed losses on Thursday, trading down 1.75 per cent to $5.60.
[....]
Source:
https://www.afr.com/technology/weebit-nano-finds-an-aussie-director-to-resume-trading-20230629-p5dkdb
*Wild swings in pps on higher than normal volume due to Directors unexpected immediate departure/resignation.
Marker:
WBTNF
$3.70 -0.10 (-2.63%)
Volume: 97,809
.
56Chevy
2年前
Weebit Nano raises $40M to break ReRAM resistance
April 25, 2023
Startup Weebit Nano has raised $40 million to boost sales of its ReRAM non-volatile memory.
We call it a startup although it IPO’d on the Australian stock exchange in 2016 just one year after being founded to develop ReRAM technology invented and patented by Rice University’s Professor James Tour, an unusual route for an Israeli startup. It merged with Radar Iron in Australia and so gained an Australia Securities Exchange presence. It has raised money since by share placements rather than VC funding rounds, as has just happened with this $40 million gained from selling 12 million shares to international institutional investors and existing shareholders.
A statement from CEO Coby Hanoch said: “Our first ReRAM product is now available to customers through SkyWater Technology, and we are in advanced discussions with many leading fabs and integrated device manufacturers. Funds raised, combined with our strong balance sheet of approximately US$31 million cash at the end of December 2022, ensure we are well placed to transfer and qualify our ReRAM technology in Tier-1 fabs and foundries to capitalize on the growing global need for better performing memory technology.”
[....]
Source:
https://blocksandfiles.com/2023/04/25/weebit-nano-reram-funding/
Marker:
$3.75 up 0.25 (7.1%)
Volume: 7,400
*By another name this was a "Rights offering". The added shares were sold to existing shareholders for $5 @ share. Current market price is $3.75.
IMO a window of opportunity exists in that a new retail investor could buy in now at a nice discount to what they paid.
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56Chevy
2年前
Another company Dr. Tour's nano technology discoveries to REALLY keep an eye on is called:
Universal Matter
ABOUT UNIVERSAL MATTER
Universal Matter has developed cleaner, faster, and less expensive technology to commercialize graphene, a carbon-based nanomaterial with multiple applications. Our proprietary Flash Joule Heating process can convert inexpensive carbon sources into ultra-thin graphene layers with an almost unlimited number of applications.
Headquartered in Burlington, Ontario, Canada, with U.S. headquarters in Houston, Universal Matter’s vision is to build on its strong R&D foundation to scale its production process and become the world’s leading supplier of lower cost and higher quality graphene materials from petcoke, agricultural feedstocks, recycled plastic, recycled rubber and coal.
Currently this is not a public company. Dr Tour holds the patents..he tried to get American companies (specifically headquartered in Houston because he lives there and plans to continue teaching at Rice University) to get involved and run with this truly mind boggling technology that turns ANY carbon based object into Graphene. No takers in Houston stepped up so they put together a group out of Canada. Just so you know what we're talking about when you hear the word 'Graphene' it is just one atom thick (or thin, depending on how you think about it), graphene is among the strongest materials in the known universe, with 100 times the strength of steel, an astonishing amount of flexibility, and a whole lot of other talents lurking beneath the surface.
Since Universal Matter Ltd is not yet public company I plan to track its progress and activity here on the WBTNF board.
Marker:
WBTNF
$3.60 -0.40 (-10.00%)
Volume 1,520
.