Australia's Brainchip hits record high on new capital call notice

Brainchip Holdings

14/01/2022 01:13

** Shares of Brainchip Holdings Ltd  BRN.AX  rise as much as
21.4% to A$1.700, their highest level on record
    ** The software firm submits a capital call notice to LDA
Capital Ltd and LDA Capital LLC (LDA) to subscribe for up to 15
mln shares  urn:newsml:reuters.com:*:nASX6l5ybz
    ** Says available funding under the agreement is of A$50.3
mln ($36.60 mln)
    ** Stock posts its biggest intraday pct gain since Jan 5, on
track for a sixth straight day of gains
    ** Stock gains over 75% for the week so far, its third
straight weekly jump and its best one since Sept 30, 2016
    ** About 41.7 mln shares change hands, over double the
30-day avg volume of 20 mln
    ** Stock has more than doubled in value this year, as of
last close

($1 = 1.3742 Australian dollars)

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))