Share Purchase Plan
| Stock | Weebit Nano Ltd (WBT.ASX) |
|---|---|
| Release Time | 7 Apr 2026, 9:18 a.m. |
| Price Sensitive | Yes |
Weebit Nano Launches $15M Share Purchase Plan
- Existing shareholders can apply for up to $30,000 worth of new shares
- Issue price of $4.05 per share, same as recent $80M placement
- Proceeds to accelerate scale-up and commercialization of ReRAM technology
Weebit Nano Ltd is pleased to announce the launch of a non-underwritten share purchase plan (SPP) for existing shareholders. The SPP provides eligible shareholders the opportunity to apply for up to $30,000 worth of new ordinary shares in Weebit Nano at an issue price of $4.05 per share, the same as the recent $80 million placement to institutional and professional investors. The company aims to raise up to $15 million through the SPP, which will be used to accelerate the scale-up and commercialization of Weebit Nano's ReRAM technology, accelerate the development and delivery of its artificial intelligence offering, and for general corporate purposes. The SPP is open to shareholders with a registered address in Australia or New Zealand as of the record date of March 25, 2026. Shareholders in the United States are not eligible to participate. The SPP opens on April 7, 2026 and closes on April 29, 2026, with new shares expected to be allotted and commence trading on May 6, 2026.