The funds shall be utilized by the Israeli firm, which develops superior reminiscence applied sciences for the semiconductor trade, to speed up scale-up and commercialization of its ReRAM know-how.
Israeli superior reminiscence know-how firm Weebit Nano (ASX: WBT) has raised $11 million (A$15 million) by way of a share buy plan to present shareholders. 3,705,094 new abnormal shares have been issued at a value of A$4.50 per new share. This brings the overall quantity raised on the Australian Securities Change (ASX) by Weebit Nano to $73 million (A$102 million), inclusive of the not too long ago accomplished placement to institutional buyers.
The funds shall be utilized by Hod Hasharon-based Weebit Nano, which develops superior reminiscence applied sciences for the semiconductor trade, to speed up scale-up and commercialization of Weebit’s ReRAM know-how, quick monitor the event and supply of AI choices, and for basic company functions.
Weebit Nano CEO Coby Hanoch stated, “Weebit is at an thrilling juncture within the firm’s historical past with AEC-Q100 (automotive grade) certified Re-RAM a number of licensing agreements with main foundries and IDMs, two business product prototypes built-in with WeeBit Re-RAM, and a world-class government group. Whereas our Re-RAM already outperforms aggressive choices throughout most technical parameters, this capital allows us to scale up and speed up the commercialization of our Re-RAM know-how, to cement our market management, and increase our footprint.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on Might 17, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
Weebit Nano CEO Coby Hanoch credit score: PR
