4DS Memory to acquire Jenesys for software expansion

• 4DS Memory reached a binding agreement to acquire 100% of software developer Jenesys.
• The company proposed a capital raising of up to $5 million to fund technology integration and commercialisation.
• The transaction aims to combine proprietary memory hardware with autonomous Edge-AI software capabilities.

4DS Memory (ASX:4DS) has entered into a binding heads of agreement to acquire 100% of Jenesys to integrate autonomous software with its semiconductor technology.

The agreement follows a strategic review initiated in September 2025 to explore adjacent growth opportunities after discontinuing a prior development pathway.

"After lengthy discussions on strategic positioning and development activities for both technologies and the combined technologies, the Board made the decision to acquire 100% of Jenesys," said 4DS Memory Executive Chairman David McAuliffe.

To fund the integration and development of its PCMO ReRAM technology, the business proposes a non-renounceable rights issue and placement to raise up to $5 million.

The deal is targeted to complete in October.

Following the announcement, the 4DS Memory share price was unchanged at $0.010.

Upon completion, Jenesys shareholder Jaspal Sarai will join the board as Managing Director and CEO.

The combined venture aims to target new computing-in-memory and neuromorphic computing markets across air, land, sea, and space sectors.