Chart Analysis
WBT Daily Timeframe Chart as of 14 May 2026
Weebit Nano (ASX: WBT) — Completes A$15 Million SPP to Bring Total Capital Raised to A$102 Million for ReRAM Scale-Up and AI Development
On 14 May 2026, Weebit Nano Limited (ASX: WBT) announced the completion of a Share Purchase Plan (SPP) raising approximately A$15 million through the issue of 3,705,094 new shares at A$4.05 per share. The SPP, which closed on 8 May 2026, follows the fully underwritten A$80 million institutional placement and A$7 million non-underwritten placement to Israeli investors (both at A$4.05, announced 26 March 2026), bringing total funds raised to approximately A$102 million. Applications totalling approximately A$21.5 million were received from 881 eligible shareholders (6.6% participation rate, average application of ~A$24,390), resulting in a 14.2% scale-back of allocations to meet the A$15 million target. Shareholders holding 100 shares or fewer at the record date received no allocation. The combined A$102 million will fund the acceleration of ReRAM technology scale-up and commercialisation, fast-tracking of AI offerings, and general corporate purposes. Allotment of SPP shares is expected on 15 May 2026.
Key Details at a Glance
| Detail | Value |
|---|---|
| SPP Amount Raised | ~A$15 million |
| SPP Issue Price | A$4.05 per share |
| New SPP Shares | 3,705,094 |
| Applications Received | ~A$21.5 million from 881 shareholders |
| Scale-Back Applied | 14.2% (applicants with ≤100 shares at record date received nil) |
| Participation Rate | 6.6% of eligible shareholders |
| Average Application | ~A$24,390 |
| Total Capital Raised (Combined) | ~A$102 million (A$80M placement + A$7M Israeli placement + A$15M SPP) |
| Institutional Placement | A$80 million (fully underwritten) at A$4.05, announced 26 March 2026 |
| Israeli Investor Placement | A$7 million (non-underwritten) at A$4.05 |
| SPP Allotment Date | 15 May 2026 |
| Record Date | 25 March 2026 (7:00pm AEDT) |
Use of Proceeds — ReRAM Commercialisation and AI
The combined A$102 million will be deployed across three areas: accelerating scale-up and commercialisation of Weebit's ReRAM technology (expanding capacity to run multiple customer engagements in parallel), fast-tracking the development and delivery of AI offerings (including in-memory compute and neuromorphic processing), and general corporate purposes. No specific dollar breakdown between the three categories was provided in this announcement.
About Weebit Nano — ReRAM Semiconductor Memory Technology
Weebit Nano is an ASX-listed developer and licensor of Resistive RAM (ReRAM) non-volatile memory (NVM) technology for the global semiconductor industry. ReRAM is positioned as a successor to embedded flash memory in next-generation chip designs, offering advantages in speed, power efficiency, reliability, and cost at advanced geometries below 28nm where embedded flash is not viable. The company's business model is IP licensing and royalty-based — Weebit licences its ReRAM technology to foundries, IDMs, and product companies, rather than manufacturing chips directly.
Weebit's ReRAM has been qualified to AEC-Q100 automotive standards (including 150°C high-temperature operation) and qualified to JEDEC standards at South Korean foundry DB HiTek. The company holds licensing agreements with Tier-1 semiconductor companies including Texas Instruments and onsemi, with test chips manufactured at onsemi performing as expected. Multiple product companies are designing Weebit ReRAM into next-generation applications across security, smart battery management, automotive, IoT, and edge AI.
According to industry analyst Yole Group, ReRAM is forecast to increase 45-fold over the next six years, representing more than half of the total US$3.26 billion embedded emerging NVM market by 2030.
Financial Context
Weebit reported record H1 FY26 revenue of A$5.6 million (more than 8x increase year-on-year) and has issued FY26 revenue guidance of more than A$10 million. The company had A$82.7 million cash at bank at 31 December 2025 (prior to the A$102 million raise). Total losses were A$38.4 million on a trailing basis. The company expects first royalty revenue contributions in FY27 as current customers complete qualification and move toward production. Pro-forma cash following the full A$102 million raise is approximately A$172 million.
Market Context
WBT closed at $6.080 on the announcement day, up +21.6% from a previous close of $5.000, with an intraday high of $6.130. The 52-week range spans $1.430 to $6.250. The SPP issue price of A$4.05 is approximately 33% below the announcement-day close of $6.080. The move occurred amid continued strong investor interest in semiconductor and AI-adjacent technology companies on the ASX.
Risks & Considerations
Pre-profitability company: Weebit is loss-making, with trailing losses of A$38.4 million on revenue of approximately A$5.6 million (H1 FY26). While the company has issued FY26 revenue guidance of more than A$10 million, it is not expected to achieve profitability within the next three years.
Long lead times to royalty revenue: The primary driver of long-term value in Weebit's licensing model is recurring royalty revenue from volume chip production. However, the cycle from licensing agreement to foundry qualification to mass production and royalty generation is typically 18–24 months or longer. First royalty contributions are expected in FY27.
Technology adoption risk: ReRAM is an emerging memory technology competing with other approaches including MRAM, phase-change memory (PCM), and further embedded flash iterations. While Weebit has Tier-1 licensing agreements, there is no certainty that ReRAM will become the dominant embedded NVM standard or that Weebit will maintain its competitive position.
Revenue concentration: Current revenue is derived from a small number of licensing agreements. The company is dependent on signing additional foundry, IDM, and product company agreements to diversify its revenue base.
Dilution: The A$102 million raise has increased the share count. The A$4.05 issue price for both the placement and SPP is approximately 33% below the current trading price, meaning existing shareholders who did not participate in the placement have been diluted at a significant discount.
Execution risk: Scaling from early-stage licensing to a broad, multi-foundry royalty model requires successful technology transfer, qualification, and production ramp across multiple partners simultaneously. Any delays in qualification or customer design-ins could impact the revenue trajectory.
Key Dates & Timeline
| Date | Event |
|---|---|
| H1 FY26 | Record revenue of A$5.6 million; licensing agreements with Texas Instruments and onsemi |
| 26 March 2026 | A$80 million institutional placement and A$7 million Israeli placement announced at A$4.05 |
| 8 May 2026 | SPP closed (A$21.5 million in applications received) |
| 14 May 2026 | SPP completion announced (~A$15 million raised); share price moved +21.6% |
| 15 May 2026 | Allotment of 3,705,094 SPP shares |
| FY26 | Revenue guidance of >A$10 million |
| FY27 | First royalty revenue contributions expected |
| By 2030 | ReRAM forecast to represent >50% of US$3.26 billion embedded emerging NVM market (Yole Group) |
Price Data
- Previous Close: $5.000
- Close Price (14 May 2026): $6.080
- Change (14 May 2026): +21.6%
- 52-Week Range: $1.430 – $6.250
Notable Price Levels
- $6.250 — 52-week high
- $6.130 — intraday high on announcement day
- $6.080 — announcement-day close
- $5.000 — pre-announcement close
- $4.700 — prior consolidation zone
- $4.225 — earlier trading range
- $4.050 — SPP and placement issue price
- $3.885 — lower range of recent activity
Key Takeaways
- WBT moved +21.6% on 14 May 2026 following a price-sensitive ASX disclosure, with an intraday high of $6.130.
- The announcement — Weebit Nano raises $15 million via strongly supported SPP — was the primary catalyst for the price movement.
- The A$15 million SPP at A$4.05 per share completes a total A$102 million capital raise (A$80M institutional placement + A$7M Israeli placement + A$15M SPP), providing a pro-forma cash position of approximately A$172 million.
- The SPP was oversubscribed (A$21.5 million in applications vs A$15 million target), with a 14.2% scale-back applied. 881 shareholders participated at an average application of ~A$24,390.
- Funds will accelerate ReRAM commercialisation, scale-up across multiple foundry and IDM engagements, and development of AI offerings including in-memory compute.
- Weebit holds licensing agreements with Tier-1 companies including Texas Instruments and onsemi, with FY26 revenue guidance of >A$10 million and first royalty revenue expected in FY27. The company remains loss-making with trailing losses of A$38.4 million.
Summary
Weebit Nano announced the completion of a A$15 million Share Purchase Plan at A$4.05 per share, bringing total funds raised to approximately A$102 million including the A$80 million institutional placement and A$7 million Israeli investor placement announced in March 2026. The announcement coincided with a +21.6% move to $6.080. The SPP was oversubscribed with A$21.5 million in applications from 881 shareholders, resulting in a 14.2% scale-back. The combined capital raise provides a pro-forma cash position of approximately A$172 million to fund ReRAM technology scale-up and commercialisation across multiple Tier-1 licensing partners (including Texas Instruments and onsemi), AI capability development, and general corporate purposes. Weebit reported record H1 FY26 revenue of A$5.6 million and has issued FY26 guidance of more than A$10 million, with first royalty revenue expected in FY27. The company remains loss-making, with the ReRAM market forecast by Yole Group to grow 45-fold by 2030 to represent more than half of the US$3.26 billion embedded emerging NVM market.
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