Boo, no SPP - tho this activity "may" explain the "seemingly inexplicable" 44% gain in SP in the past week

Weebit Nano Raises USD32.56 Million in Private Placement of Shares

Weebit Nano Ltd (ASX:WBT, Weebit Nano or Company) has successfully raised AUD50 million via a strongly supported share Placement (Placement) to existing and new institutional investors from Australia and abroad. Under the Placement, Weebit Nano is issuing approximately 16.7 million new fully paid ordinary shares at AUD3.00 per share (New Shares). Funds raised will be used to scale up commercialisation activities as part of new customer and partner engagements that are expected to materialise over the coming 12 months, to support working capital needs associated with further technology development, and to strengthen the Company’s balance sheet. Commenting on the successful Placement, Weebit Nano CEO Coby Hanoch said: “We are extremely pleased with the strong support we received from institutional investors. Whilst Weebit had an adequate cash balance, strategically, bringing forward the capital raise puts the Company in a much stronger position. With advanced discussions and negotiations progressing with multiple parties, and our goal to sign multiple foundry and customer agreements over the next 12 months, the strengthened balance sheet provides additional flexibility to pursue new business opportunities on a much stronger footing. “Whilst the Board and I would have liked to offer a Share Purchase Plan (SPP) for our retail investors, given the legal requirements of the SPP Offer Price needing to be lower than Weebit’s trading price in a specified period, and this Placement being done at a substantial premium to this, we have not been able to offer an SPP at the same price as the Placement on this occasion. “Weebit is uniquely positioned as the market’s only independent provider of qualified ReRAM. Our competitive advantages around customisation capability and the expertise of our team means we are extremely well placed in a large and growing market as the industry looks to replace embedded flash in next-generation devices

“We are continuing to see strong interest from foundries, IDMs, and product companies, and we remain confident in our ability to close a commercial deal this calendar year, as well as executing on our 2025 targets which include additional agreements with foundries and product companies.” AUD50 million Placement The completed AUD50 million Placement comprised an offer of 16.7 million new fully paid ordinary shares (New Shares) in Weebit Nano at AUD3.00 per New Share, a 6.5% premium to the 5-day VWAP of AUD2.82 per share. The Placement was strongly supported by institutional investors, both domestic and international, reflecting strong investor demand, and confidence in Weebit Nano’s ReRAM technology and its future growth prospects

Each New Share issued under the Offer will rank pari passu with existing shares on issue in the Company

Settlement of New Shares issued under the Placement is expected to occur on Thursday 21 November 2024, with allotment of the New Shares issued under the Placement scheduled for Friday 22 November 2024. The Placement will take place as a single tranche and fall within the Company's available Listing Rule 7.1 capacity. Unified Capital Partners Pty Ltd acted as Lead Manager, Bookrunner and Underwriter to the Placement (Lead Manager). The Placement will not be accompanied by a share purchase plan (SPP) because the requirements for SPP pricing to be less than the recent market price, cannot be met in this instance

DISC: Held in RL & SM

Intelligent Investor / The Eureka Report has just published (the transcription of) an interview by Alan Kohler of Coby Hanoch, the CEO of Weebit Nano

https://www.intelligentinvestor.com.au/investment-news/weebit-nano-a-new-type-of-memory/153061

Table of contents:

Israel/Hamas conflict

Cash position

The non-volatile memory market

Deal with DB High Tech

Migrating from Flash to ReRAM

Unsure if it's paywalled or not (probably is)?

DISC: Held in RL & SM

An announcement just out from WBT - there were hints of this in your conversation with Coby during your recent @Strawman meeting with him. Given the bump in SP yesterday perhaps the market knew before this public announcement

Weebit Nano licenses ReRAM to DB HiTek, a global top-10 foundry

DB HiTek to manufacture Weebit’s embedded technology in customers’ analog and power designs

Weebit Nano Limited (ASX:WBT, Weebit or Company), a leading developer of advanced memory technologies for the global semiconductor industry, and DB HiTek, one of the world’s largest foundries, have signed a commercial agreement whereby DB HiTek has licensed Weebit ReRAM for its customers to integrate as embedded non-volatile memory (NVM) in their systems on chips (SoCs)

Headquartered in South Korea, DB HiTek is a global top-10 foundry with annual revenue of more than $2 billion

Under the agreement, Weebit ReRAM will be available in DB HiTek’s 130nm Bipolar-CMOS-DMOS (BCD) process – ideal for many analog, mixed-signal, and power designs in consumer, industrial, and other IoT devices. For these applications, Weebit ReRAM provides a low-power, low-voltage, cost-effective NVM that is easy to integrate and has proven excellent retention at high temperatures. As a back-end-of-line (BEOL) technology which does not require process tuning, ReRAM offers significant advantages over flash for BCD processes. Weebit ReRAM also provides higher density and endurance than conventional Multi-Time Programmable (MTP) technologies

The agreement includes technology transfer, qualification, and licensing. In addition to its 130nm BCD process, DB HiTek has the option to use Weebit ReRAM technology for other process nodes

Coby Hanoch, CEO of Weebit Nano, said: “DB HiTek is one of the world’s top-tier foundries for analog and power integrated circuits. As one of the world’s largest contract chip manufacturers, DB HiTek’s extensive customer base can gain significant advantage from using Weebit ReRAM in their new product designs, including improvements to retention, endurance, and power consumption. Our collaboration with DB HiTek is commencing immediately, beginning with the transfer of our technology to the company’s production fab. We are seeing increasingly strong market demand for Weebit ReRAM and expect to sign further commercial agreements, including many of the top- tier foundries and integrated device manufacturers as well as fabless design companies, in the coming months”

Ki-Seog Cho, CEO, DB HiTek, said: “Weebit ReRAM will provide customers using our 130nm BCD process with a very low-power, high-density and cost-effective NVM. Given Weebit’s high-quality technology and unique combination of design and process engineering, we believe the technology transfer and qualification processes will proceed quickly. Looking ahead, we’re delighted to see Weebit’s strong commitment to continued roadmap innovation”

Under the technology transfer and qualification agreement, Weebit and DB HiTek will immediately cooperate in transferring Weebit’s embedded ReRAM technology to a DB HiTek production fab and then continue to qualify the technology towards volume production

The technology licensing agreement grants DB HiTek a non-exclusive license to manufacture Weebit ReRAM as embedded NVM in designs from customers globally. DB HiTek will add Weebit’s memory module to its BCD 130nm Process Design Kit (PDK). DB HiTek customers can use the standard modules in the PDK or have modules customised for their needs. Weebit will receive manufacturing license fees, project use fees and royalties based on production volumes, with these license fees and royalties determined by Weebit when delivering the relevant modules to customers and may differ for each module

The economic materiality of this agreement is not known at this time due to the contingent nature of the license fees and royalties, as they depend on the number of customers who sign up to use Weebit’s technology and on the number of chips those customers produce using Weebit’s technology. However, Weebit views this commercial agreement as strategically important given DB HiTek is a global top-10 foundry, and further validates Weebit’s cutting-edge technology

DISC: Small position Held in RL & SM

As announced on 10 November 2021, Weebit Nano Ltd (WBT or Company) is inviting eligible shareholders to participate in a non-renounceable pro-rata entitlement offer (Entitlement Offer) of new fully paid ordinary shares in WBT (New Shares) at an issue price of A$2.84 per share to raise approximately A$9 million.

Under the Entitlement Offer, the Company will offer New Shares to eligible shareholders on the basis of 1 New Share for every 41 shares held at 7.00pm (AEST) on 15 November 2021 (Record Date).

Shareholders who are eligible to participate in the Entitlement Offer may also apply for New Shares in excess of their entitlement under the Entitlement Offer which may be satisfied out of any shortfall from the Entitlement Offer.

The Entitlement Offer is expected to close at 5.00pm (AEDT) on Monday, 29 November 2021

This follows the successful share placement announced on 10 November 2021 where the Company raised approximately $25.2 million from 4 Israel-based institutional investment and pension funds and directors and received binding commitments from certain Directors for approximately a further $300,000 (Placement) (the Placement and Entitlement Offer are together the Offer).

The cornerstone investor for the Placement was Meitav Dash. Managing over US$65 billion in assets, Meitav Dash is a major institutional investment and pension fund in Israel, operating for over 40 years with approximately 1,000 employees