Adisyn

Completion of $10 Million Heavily Oversubscribed Placement

Adisyn Ltd (ASX: AI1) (“Adisyn” or the “Company”) is delighted to announce the successful completion of a $10 million (before costs) capital raise through a heavily oversubscribed Placement (“Placement”) to institutional and sophisticated investors.


Highlights

  • Fully funded: Successful completion of a $10 million heavily oversubscribed Placement at $0.095 per share.
  • Board Participation: Semiconductor industry leader and incoming Non-Executive Director Kevin Crofton participates in the Placement (subject to shareholder approval).
  • Strong institutional demand: further validation through significant participation by multiple domestic and international fund managers
  • Strategic Development: Funds to accelerate development of graphene-enhanced semiconductor technologies, strengthen commercial initiatives, and support working capital needs.
  • Innovative Technology: AI1’s proprietary precursors and Atomic Layer Deposition (ALD) process positions the Company at the forefront of semiconductor advancements, including partnerships with global leaders.

A total of 105,263,158 new fully paid ordinary shares will be issued at $0.095 per share (Placement Shares).

The Joint Lead Managers (JLM), Sandton Capital Advisory, Alpine Capital, and Peloton Capital, are entitled to receive a Lead Manager fee of 2% of all funds raised and a Capital Raise fee of 4% of all funds raised under the placement, payable in cash. The JLM will receive 20,000,000 unlisted options, exercisable at $0.15 per share over the next three years, for their role in managing the Placement.

Commenting on the successful completion of the Placement Blake Burton, CEO of AI1, said“The success of this Placement and Kevin’s direct participation reinforces the confidence in AI1’s potential. These funds will enable us to continue developing our transformative graphene semiconductor technology and position the Company at the forefront of industry innovation.”

Board Participation

Kevin Crofton, a globally recognised semiconductor industry leader who is set to join the AI1 Board as a Non-Executive Director (ASX: 21 Jan 25), participated in the Placement by subscribing for 800,000 shares. With Mr Crofton’s share issue subject to shareholder approval, an Extraordinary General Meeting (EGM) to obtain approval will be called as soon as practically possible.

AI1’s CEO, Blake Burton, commented:

“We are extremely pleased to see the extremely strong demand for the capital raise and thank our new and existing shareholders for their support. The placement was underpinned by significant institutional demand and together with Kevin’s decision to personally invest provides a strong endorsement of AI1’s vision and potential. It reflects the market’s confidence in our ability to deliver groundbreaking technologies and positions us to capitalise on the vast semiconductor and AI industries as we advance.”

Use of Funds

Proceeds from the Placement will be deployed strategically to support AI1’s growth objectives:

  • Acquisition of Cutting-Edge Equipment: A portion of the funds will be used to purchase a specialised Atomic Layer Deposition (ALD) machine from Beneq, a global leader in ALD technology. This equipment will enable AI1 to accelerate the development of its proprietary graphene-enhanced semiconductor solutions, enhancing performance, scalability, and compatibility with current chip manufacturing processes.
  • Technological Innovation and Development: Funds will drive the expansion of AI1’s research and development capabilities, particularly in advancing 2D Generation’s (2DG) patented technologies. This includes exploring new applications for graphene in addressing critical semiconductor bottlenecks, improving energy efficiency, and enabling miniaturisation.
  • Commercialisation and Strategic Partnerships: Capital will be allocated to advancing licensing agreements and building partnerships with global semiconductor and electronics leaders. The Company will focus on collaborations that leverage its graphene-enhanced technologies to meet industry challenges in AI, 5G, autonomous vehicles, and cloud computing.
  • Operational Readiness: Additional resources will be directed toward strengthening AI1’s operational capacity. This includes scaling internal capabilities to meet the anticipated growth demands and ensuring the Company is equipped to deliver on project milestones efficiently.
  • Working Capital and Placement Costs: A portion of the funds will support general working capital requirements and cover expenses related to the successful execution of the Placement, including advisory fees, regulatory compliance, and administrative costs.

About AI1

AI1 is a leading innovator in semiconductor and graphene technologies, powered by its wholly owned subsidiary 2D Generation (2DG). The Company’s proprietary Atomic Layer Deposition (ALD) process allows for the low-temperature, direct growth of graphene on silicon chips, revolutionising semiconductor manufacturing by enhancing chip performance, reducing energy consumption, and improving scalability.


Click here for the full ASX Release

This article includes content from Adisyn, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

AI1:AU
The Conversation (0)
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Adisyn (AI1:AU) has announced Quarterly Activities/Appendix 5B Cash Flow Report

Download the PDF here.

Adisyn Ltd

Advisory Board Expansion

Adisyn Ltd (ASX: AI1) (“Adisyn” or the “Company") is pleased to announce it has made threeappointments to its Industry Advisory Board (IAB); Mr Oscar Leslie, Mr Jesse Gane and Dr Craig Valli. These appointments complement the appointment of IAB Chair Harry Karelis earlier in the year (ASX: 19 February 2024).
Keep reading...Show less

Powered by 5th Gen AMD EPYC CPUs, Oracle Cloud Infrastructure Compute E6 Shapes Deliver Breakthrough Cloud Performance and Efficiency

— Leading cloud services providers expand their adoption of EPYC CPUs to meet growing public cloud demand —

Today, AMD (NASDAQ: AMD) announced 5 th Gen AMD EPYC™ processors power the Oracle Cloud Infrastructure (OCI) Compute E6 Standard shapes. 5 th Gen AMD EPYC processors, the world's best server CPUs for enterprise, AI and cloud 1 enable OCI Compute E6 shapes to deliver up to a 2X increase in cost to performance, compared to the previous E5 instance generation based on testing by OCI 2 .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

AMD Completes Acquisition of ZT Systems

AMD (NASDAQ: AMD) today announced the completion of its acquisition of ZT Systems, a leading provider of AI and general-purpose compute infrastructure for the world's largest hyperscale providers. The acquisition will enable a new class of end-to-end AI solutions based on the combination of AMD CPU, GPU and networking silicon, open-source AMD ROCm™ software and rack-scale systems capabilities. It will also accelerate the design and deployment of AMD-powered AI infrastructure at scale optimized for the cloud.

AMD expects the transaction to be accretive on a non-GAAP basis by the end of 2025. The world-class design teams will join the AMD Data Center Solutions business unit led by AMD Executive Vice President Forrest Norrod. AMD is actively engaged with multiple potential strategic partners to acquire ZT Systems' industry-leading U.S.-based data center infrastructure manufacturing business in 2025.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
CHARBONE Hydrogen Expands Product Offerings with Commercial Agreements with a Tier One US Industrial Gas Producer

CHARBONE Hydrogen Expands Product Offerings with Commercial Agreements with a Tier One US Industrial Gas Producer

(TheNewswire)

Charbone Hydrogen Corporation

Brossard, Quebec TheNewswire - March 31, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's sole publicly traded pure-play company specialized in green hydrogen production and distribution, is pleased to announce the execution of Commercial Supply Agreements (the "CSA's") with a US Tier 1 industrial gases producer and distributor. The first CSA is enabling CHARBONE to have access to certain volumes of hydrogen in advance of its own forth coming hydrogen production. The second CSA is further allowing CHARBONE to expand its product offerings to provide its own customers with a variety of other gases, such as helium and other complementary industrial gas products to hydrogen.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Charbone Hydrogene elargit son offre de produits grace a des ententes commerciales avec un producteur de gaz industriels americain de premier niveau

Charbone Hydrogene elargit son offre de produits grace a des ententes commerciales avec un producteur de gaz industriels americain de premier niveau

(TheNewswire)

Charbone Hydrogen Corporation

Brossard, Québec TheNewswire - le 31 mars 2025 - CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule compagnie d'Amérique du Nord cotée en bourse spécialisée dans la production et la distribution d'hydrogène vert, a le plaisir d'annoncer l'exécution d'ententes d'approvisionnement avec un important producteur et distributeur américain de gaz industriels. La première entente permet à Charbone d'accéder à certains volumes d'hydrogène en anticipation de sa propre production. L a deuxième entente permettra en plus à Charbone d'élargir son offre de produits pour fournir à ses propres clients une variété d'autres gaz, tel que l'hélium et autres gaz industriels qui complémentent les produits d'hydrogène.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Westport Reports Fourth Quarter and Full Year 2024 Results

Westport Reports Fourth Quarter and Full Year 2024 Results

Westport Fuel Systems Inc. ("Westport") (TSX: WPRT Nasdaq: WPRT) today reported financial results for the fourth quarter and year ended December 31, 2024, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

"The past year has been transformative for Westport as we sharpened our strategic focus, advanced our clean transportation technologies, and enhanced operational efficiencies. We have made significant strides in aligning our operations with our competitive strengths, improving margins, and reinforcing our commitment to delivering cost-effective solutions that drive decarbonization in the transportation sector. We have also transformed our culture to be one built on discipline and excellence, driving a high-performance mindset in everything we do.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Westport Announces Agreement to Divest the Light-Duty Segment for $73.1 Million

Westport Announces Agreement to Divest the Light-Duty Segment for $73.1 Million

Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT Nasdaq:WPRT), has entered into a binding agreement (the " Agreement ") to sell its interest in Westport Fuel Systems Italia S.r.l., which includes the Light-Duty segment, including the light-duty OEM, delayed OEM, and independent aftermarket businesses, to a wholly-owned investment vehicle of Heliaca Investments Coöperatief U.A. (" Heliaca Investments "), a Netherlands based investment firm supported by Ramphastos Investments Management B.V. a prominent Dutch venture capital and private equity firm (the " Transaction "). The Transaction provides for a base purchase price of $73.1 million (€67.7 million), subject to certain adjustments, and potential earnouts of up to an estimated $6.5 million (€6.0 million) if certain conditions are achieved, in accordance with the terms of the Agreement.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×