Following the successful completion of a $87 million placement to institutional and Israeli investors, Weebit Nano Ltd has raised an additional $15 million through a strongly supported Share Purchase Plan (SPP). The SPP, which closed on 8 May 2026, saw applications totalling approximately $21.5 million from 881 eligible shareholders, resulting in a 14.2% scale-back for most applicants to meet the $15 million target. These funds, bringing the total capital raised to approximately $102 million, will be used to accelerate the commercialisation of Weebit’s ReRAM technology and fast-track the delivery of AI offerings. CEO Coby Hanoch noted that this strengthened balance sheet allows the company to scale up and address emerging market demands while cementing its leadership in the semiconductor industry. Allotment of the new shares, issued at $4.05 each, is expected to occur on 15 May 2026.
H/T: https://www.weebit-nano.com/investors/asx-announcements/
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