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Weebit Nano (ASX:WBT) raises $15M via SPP

Sarah Hughan
Written by: Sarah Hughan

Semiconductor memory developer Weebit Nano (ASX:WBT) has raised $15M in a share purchase plan (SPP) to support the commercial launch and development of its Resistive Ram technology.

The firm also raised $45M in an institutional placement, bringing the total capital raised to around $60M.

The funds will support the transfer and qualification of Weebit Nano's ReRAM technology to Tier 1 fabs and foundries while furthering technology development within the embedded and discrete memory markets.

Weebit Nano's share price hit $5.41 at 10:30am AEST. 

 

 

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