Weebit will issue 19.8 million new securities representing about 19.4% of the company’s issued capital at $2.60 each and for the non-underwritten placement will issue 2.5 million new securities, representing about 1.2% of the company’s issued capital, also at the issue price of $2.60 each.
The money raised will be used to accelerate Weebit’s path to becoming the market leading ReRAM technology.
“This is a strategic capital raise for Weebit Nano,” says 
CEO Coby Hanoch, “it significantly strengthens our balance sheet, enabling us to accelerate development and commercial activities to ensure our ReRAM is the clear leader at a time when the industry is moving to adopt ReRAM in next-generation technologies. As the market’s only independent provider of qualified ReRAM, we have the first mover advantage. our R&D activity is essential to continuously improving the technology and solidifying our leadership position for many years to come.
Weebit has struck licensing deals with TI, onsemi and DB HiTek and sees ReRAM as the successor to embedded flash.
“We also see clear opportunities to expand our offering, addressing genuine memory needs for AI in-memory compute (IMC) applications as well as within the discrete memory chip domain, among others,” adds Hanoch, “this Placement enables us to strengthen our newly formed System and AI team.”
The issue price of $2.60 represents a 10.8% discount to the last close price on 25 March 2026 of A$4.54 and A 14.0% discount to the 5-Day VWAP at 25 March 2026 of A$4.71.
Macquarie Capital (Australia) Limited, United Capital Partners Pty Ltd and MST Financial Services Pty Ltd are acting as Joint Lead Managers, Bookrunners and underwriters to the Placements.
Following completion of the Placements Weebit launched an offer of New Securities under a non-underwritten share purchase plan (SPP) to existing shareholders with the chance to apply for up to A$30,000 worth of New Shares at the same issue price as the Placement ($2.60). This offer is still open.
Weebit intends to raise a maximum of $10.6 million under the SPP, although the Company reserves the right to increase the size of the SPP at its discretion.
