Australia's Brainchip Holding slips to 7-month low on discounted placement

Brainchip Holdings

10/11/2025 02:59

** Shares of Brainchip Holdings BRN.AX fall as much as 7.7% to A$0.18, their lowest level since April 11

** The chip processor says firm commitments received to raise A$35 million ($22.74 million) at an issue price of A$0.195 per share

** Placement price represents a 10.3% discount to co's last close

** Additionally Share Purchase Plan to raise up to A$2 mln at same offer price as placement

** Funds to be used to accelerate commercialisation and product development

** YTD, stock down 53.9%, including current session's move

($1 = 1.5389 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))