27 March 2026 – Further to its ASX announcement dated 26 March 2026, Weebit Nano Limited (ASX: WBT) (Weebit Nano) is pleased to announce the successful completion of its fully underwritten A$80 million institutional placement (Placement) of approximately 19.8 million new fully paid ordinary shares (New Securities), equivalent to approximately 9.4% of existing ordinary shares on issue in Weebit Nano. Weebit Nano also completed a non-underwritten placement of approximately 1.7 million New Securities, raising A$7 million (Israeli Placement).
The Placement and the Israeli Placement were well supported and completed at a price of A$4.05 per New Security, representing a 10.8% discount to the last closing share price on 25 March 2026 of A$4.54 and a 14.0% discount to the 5-day volume weighted average price of Weebit Nano shares (up to and including 25 March 2026) of A$4.71. The proceeds from the Placement and the Israeli Placement will be used to accelerate Weebit Nano’s path to becoming the market-leading ReRAM provider.
CEO of Weebit Nano, Coby Hanoch, noted: “We are pleased with the success of the Placement. The strong support of new institutional investors, from Australia and abroad, reflects our maturing as a company, and Weebit Nano’s significant technical and commercial progress over the past year. At the same time, it was important for us to enable our loyal and engaged retail investors to participate in the raise on the same terms.”
Weebit Nano’s shares are expected to resume trading on the ASX today.
- The New Securities issued under the Placement and the Israeli Placement will be issued pursuant to Weebit Nano’s available placement capacity under ASX Listing Rule 7.1.
- Settlement of the New Securities to be issued under the Placement and the Israeli Placement is expected to take place on Thursday, 2 April 2026, with the New Securities expected to be issued and commence trading on the ASX (on a normal settlement basis) on Tuesday, 7 April 2026. The New Securities will rank equally in all respects with existing ordinary shares.
Macquarie Capital (Australia) Limited, United Capital Partners Pty Ltd, and MST Financial Services Pty Ltd acted as Joint Lead Managers and Bookrunners to the Placement and the Israeli Placement, and underwriters of the Placement.
Details of Share Purchase Plan
As previously announced, Weebit Nano is also undertaking a non-underwritten share purchase plan (SPP) targeting to raise up to A$15 million for eligible shareholders in Australia and New Zealand, at the same issue price as the Placement (being A$4.05). Under the SPP, existing eligible Weebit Nano shareholders will be offered the opportunity to apply for up to A$30,000 worth of new fully paid ordinary in shares in Weebit Nano (SPP Shares), without incurring brokerage, commission or other transaction costs.
The SPP may be subject to a scale back of applications at the absolute discretion of the Company.
The SPP Shares will rank equally with existing shares in Weebit Nano from their date of issue. An SPP Booklet containing further details of the SPP, including the terms and conditions, will be released on the ASX separately.
Weebit Nano will seek quotation of the New Securities issued under the Placement, Israeli Placement and the SPP on the ASX.
Eric Kuret, Market Eye
P: +61 417 311 335
E: eric.kuret@marketeye.com.au
Media – Australia
Tristan Everett, Market Eye
P: +61 403 789 096
E: tristan.everett@marketeye.com.au
Media – US
Jen Bernier-Santarini, Weebit Nano
P: +1 650-336-4222
E: jen@weebit-nano.com
Link to Press Release
The Placement and the Israeli Placement were well supported and completed at a price of A$4.05 per New Security, representing a 10.8% discount to the last closing share price on 25 March 2026 of A$4.54 and a 14.0% discount to the 5-day volume weighted average price of Weebit Nano shares (up to and including 25 March 2026) of A$4.71. The proceeds from the Placement and the Israeli Placement will be used to accelerate Weebit Nano’s path to becoming the market-leading ReRAM provider.
CEO of Weebit Nano, Coby Hanoch, noted: “We are pleased with the success of the Placement. The strong support of new institutional investors, from Australia and abroad, reflects our maturing as a company, and Weebit Nano’s significant technical and commercial progress over the past year. At the same time, it was important for us to enable our loyal and engaged retail investors to participate in the raise on the same terms.”
Weebit Nano’s shares are expected to resume trading on the ASX today.
- The New Securities issued under the Placement and the Israeli Placement will be issued pursuant to Weebit Nano’s available placement capacity under ASX Listing Rule 7.1.
- Settlement of the New Securities to be issued under the Placement and the Israeli Placement is expected to take place on Thursday, 2 April 2026, with the New Securities expected to be issued and commence trading on the ASX (on a normal settlement basis) on Tuesday, 7 April 2026. The New Securities will rank equally in all respects with existing ordinary shares.
Macquarie Capital (Australia) Limited, United Capital Partners Pty Ltd, and MST Financial Services Pty Ltd acted as Joint Lead Managers and Bookrunners to the Placement and the Israeli Placement, and underwriters of the Placement.
Details of Share Purchase Plan
As previously announced, Weebit Nano is also undertaking a non-underwritten share purchase plan (SPP) targeting to raise up to A$15 million for eligible shareholders in Australia and New Zealand, at the same issue price as the Placement (being A$4.05). Under the SPP, existing eligible Weebit Nano shareholders will be offered the opportunity to apply for up to A$30,000 worth of new fully paid ordinary in shares in Weebit Nano (SPP Shares), without incurring brokerage, commission or other transaction costs.
The SPP may be subject to a scale back of applications at the absolute discretion of the Company.
The SPP Shares will rank equally with existing shares in Weebit Nano from their date of issue. An SPP Booklet containing further details of the SPP, including the terms and conditions, will be released on the ASX separately.
Weebit Nano will seek quotation of the New Securities issued under the Placement, Israeli Placement and the SPP on the ASX.
Media Contacts:
InvestorsEric Kuret, Market Eye
P: +61 417 311 335
E: eric.kuret@marketeye.com.au
Media – Australia
Tristan Everett, Market Eye
P: +61 403 789 096
E: tristan.everett@marketeye.com.au
Media – US
Jen Bernier-Santarini, Weebit Nano
P: +1 650-336-4222
E: jen@weebit-nano.com
Link to Press Release