4DS Memory Limited Secures $6 Million in Capital Raising Effort

Highlights:

• Successful $6 Million Placement: Raised through the issuance of approximately 166.7 million shares at $0.036 each, with strong demand exceeding available shares.
• $2 Million Share Purchase Plan (SPP): Eligible shareholders can acquire additional shares with 1:1 unlisted options under the same terms as the placement.
• Strategic Use of Funds: Proceeds to support the design agreement with Infineon Technologies LLC, collaboration with imec, and general working capital needs.

Successful Placement Completion

4DS Memory Limited (ASX: 4DS), a cutting-edge memory technology company, has raised $6 million through a well-received placement involving institutional and high-net-worth investors. The placement issued approximately 166.7 million shares at $0.036 per share, representing a 12.2% discount to the closing price as of January 14, 2025. At the time of writing, the placement attracted demand exceeding available shares, underscoring strong investor confidence. Each issued share is accompanied by a free, unlisted option exercisable at $0.036, expiring on February 28, 2028.

Share Purchase Plan (SPP) Launched

Following the placement, 4DS will launch a $2 million share purchase plan (SPP) for eligible shareholders as of January 16, 2025. The SPP will allow participants to acquire up to $30,000 in shares at the same price as the placement, with the addition of 1:1 unlisted options under the same terms. An institutional fund has committed to covering any shortfall in the SPP, up to $1 million.

Capital Utilization Strategy

The funds raised will primarily support 4DS’s ongoing design and services agreement with Infineon Technologies LLC. This partnership focuses on developing a custom ReRAM memory test chip. Additionally, proceeds will fund continued collaboration with imec, general working capital needs, and associated costs of the offer.

Encouraging Investor Participation

Executive Chairman David McAuliffe expressed optimism, highlighting the robust interest in the placement and urging existing shareholders to participate in the SPP. Bell Potter Securities Limited acted as the sole lead manager for the placement.

The combined capital raise strengthens 4DS's position to advance its innovative memory technology solutions, aligning with its strategic goals. Shareholders are encouraged to review the prospectus for further details on the SPP and associated timelines.

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