Expiration of LDA Put Option Agreement
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| Stock | Brainchip Holdings Ltd (BRN.ASX) |
|---|---|
| Release Time | 24 Jul 2026, 10:14 a.m. |
| Price Sensitive | Yes |
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BrainChip Announces LDA Put Option Agreement Expiration
Key Points
- LDA Put Option Agreement expired on 30 June 2026
- Failure fee of A$1M settled using collateral shares
- Liquidation of remaining collateral shares underway
Full Summary
BrainChip Holdings Ltd (ASX: BRN) announced the expiration of its Put Option Agreement with LDA Capital Limited on 30 June 2026. The agreement, which provided BrainChip with a flexible capital management facility, is no longer available to the company. The failure fee of A$1 million was settled through the sale of collateral shares, fully resolving the company's obligations. Approximately 6.0 million remaining collateral shares are being liquidated by LDA, with net proceeds to be remitted to BrainChip after a standard fee deduction.
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