Key points
- 4DS Memory Ltd plans a non-renounceable rights issue of 1 Share for every 7 Shares held.
- The issue aims to raise up to approximately $2,944,141.
- The offer is part of a larger acquisition and funding strategy.
- Shareholders are advised to read the prospectus in full.
- The securities are considered highly speculative.
Full summary
4DS Memory Ltd has announced a non-renounceable rights issue to raise up to approximately $2,944,141. The issue involves offering 1 share for every 7 shares held by shareholders registered at the record date, at an issue price of $0.01 per share. This rights issue is part of a larger strategy to fund the acquisition of Jenesys Pty Ltd, an Australian Edge-AI and autonomous systems software company, and a concurrent placement to raise additional capital. The acquisition of Jenesys includes a non-refundable deposit of $150,000, 500,000,000 shares at a deemed issue price of $0.01 per share, and six performance rights on milestone-based terms. The rights issue and acquisition are subject to shareholder approval at a general meeting on 2 October 2026. The company has already received firm commitments for $2,000,000 under the placement through the issue of 200,000,000 shares to professional and sophisticated investors at an issue price of $0.01 per share. The company recommends all shareholders take up their entitlements, though the directors reserve the right to do so in whole or in part at their discretion.