Weebit Nano (ASX:WBT) has provided the Australian Securities Exchange (ASX) with a voluntary response to recent press speculation related to its proposed $45M placement stating that it was not aware of any information relating to the placement ceasing to be confidential.
The company has now confirmed dates related to the placement showing that it was engaged on March 8 and became aware of the final details on 23rd March 2023.
It also stated the company didn't consider it necessary to request a trading halt following the price decrease on March 22 because it was satisfied that the information surrounding it was confidential, and that there were other factors that explained it.
Shares of Weebit Nano closed down 10% today.