• Share Purchase Plan closed with subscriptions exceeding original $2 million raise
• Complemented recent $35 million placement to institutional and sophisticated investors
• Board exercised discretion to accept all applications to minimize shareholder dilution

BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, BCHPY), the world's first commercial producer of neuromorphic artificial intelligence IP, announced that its Share Purchase Plan (SPP) as originally announced on 10 November 2025 has closed with strong levels of interest. The subscriptions exceeded the original raise amount of $2 million by $0.976 million. The SPP complemented the Company's recently announced $35 million placement to institutional, professional and sophisticated investors. Given the strong shareholder support, and to minimize the dilution of shareholders who have been strong supporters of the Company, the BRN Board has exercised its discretion under the terms of the SPP to accept all applications received. The additional funds will be allocated in accordance with the intended use of funds outlined in the SPP Booklet released on 18 November 2025. All shares will be allotted on 8 December 2025, with the dispatch of holding statements and quotation to occur on the same date.