• Progressing a proposed material acquisition and associated capital raising
• Maintaining disciplined approach to cost management
• Progressing development and commercialisation of PCMO ReRAM technology

4DS Memory Limited (ASX:4DS) has provided its Quarterly Activities Report and Appendix 4C for the quarter ended 31 March 2026. The company is progressing a proposed material acquisition and associated capital raising, which is expected to require the company to re-comply with Chapters 1 and 2 of the Listing Rules. The company remains in discussions with the ASX in relation to this process and will provide further details once these discussions are concluded. The company maintained its disciplined approach to cost management during the quarter, following the remuneration reductions implemented effective 1 November 2025. These measures remain in place and continue to materially reduce the company's cash outflows, preserving capital as the company progresses toward execution of the above strategic initiative. In conjunction with the company's proposed material acquisition, the company is progressing the development and commercialisation of its PCMO ReRAM technology. The company's validated 60nm PCMO ReRAM platform will remain the foundation of the company's technology and development program. This pathway seeks to capitalise on the well-documented likely worldwide shortage of memory chips (including at the 60nm node). As part of its strategy, Executive Chairman David McAuliffe is planning a trip to Asia in mid-May 2026 to undertake business development discussions and explore potential commercialisation opportunities in relation to 4DS's 60nm Interface Switching ReRAM technology.