• Weebit Nano licenses ReRAM technology to onsemi, a leading semiconductor company
• Successful $50 million capital raise at a 6.5% premium
• Qualification of ReRAM technology set to be completed at DB HiTek in 2025

Weebit Nano has signed a pivotal contract to license its ReRAM technology to tier-1 semiconductor supplier, onsemi. The agreement will see Weebit's ReRAM IP integrated into onsemi's Treo platform, providing it with embedded non-volatile memory (NVM). This deal expedites the timeline to mass production, resulting in quicker royalty generation for Weebit. Weebit and onsemi are already identifying the first products that will use Weebit ReRAM. Weebit also raised A$50 million at a 6.5% premium to the 5-day VWAP, strengthening its balance sheet with a cash balance of A$97 million as of 31 December 2024. This will enable Weebit to focus on closing more commercial deals and continue improving its technology through R&D. The company also made progress on the qualification of its ReRAM technology for mass production at semiconductor manufacturer, DB HiTek, with testing of initial wafers underway. Weebit attended key industry events, including CSIA-ICCAD 2024 in Shanghai and CES 2025 in Las Vegas, to further educate the industry on its ReRAM technology. The company continues to advance discussions with multiple foundries, IDMs, and product companies, with the onsemi agreement positively impacting these potential customers.

Weebit aims to complete qualification with DB HiTek, sign three new licensing agreements with fabs, and three new agreements with product companies by the end of calendar year 2025.

Weebit is committed to converting some of its ongoing commercial and technical discussions into additional licensing agreements by the end of 2025, in line with the company's stated commercial milestones.