Weebit Nano announces A$80.0 million Placement

Strategic raise enables Weebit to bolster ReRAM leadership, broaden AI offerings

March 26, 2026 – Weebit Nano Ltd (ASX: WBT, Weebit Nano or Company) announces it has launched a fully underwritten institutional placement to raise A$80.0 million to new and existing institutional investors (Placement), and a non-underwritten placement to raise up to $10.0 million (Israeli Placement). Under the Placement, the Company will issue approximately 19.8 million new securities and under the Israeli Placement, the Company is targeting the issue of approximately 2.5 million new securities, each at the issue price of A$4.05 per new security (New Securities).

Weebit Nano also intends to launch a non-underwritten Share Purchase Plan (SPP) to raise up to an additional A$15.0 million (together with the Placement and the Israeli Placement, the Offer).

Funds raised will be used to accelerate Weebit Nano’s path to becoming the market leading ReRAM technology, fast-track the development and delivery of AI offerings and for general corporate purposes.

Commenting on the raise, Weebit Nano CEO Coby Hanoch said, “This is a strategic capital raise for Weebit Nano. It significantly strengthens our balance sheet, enabling us to accelerate development and commercial activities to ensure our ReRAM is the clear leader at a time when the industry is moving to adopt ReRAM in next-generation technologies. As the market’s only independent provider of qualified ReRAM, we have the first mover advantage. Still, scaling our R&D activity is essential to continuously improving the technology and solidifying our leadership position for many years to come.

“Our recent licensing agreement with leading semiconductor vendor Texas Instruments, following the deals with onsemi and DB HiTek, has reinforced the market perception that ReRAM is the successor to embedded flash, and we are continuing to progress technical evaluations and commercial negotiations with many of the world’s leading foundries, IDMs and product companies.

“We also see clear opportunities to expand our offering, addressing genuine memory needs for AI in-memory compute (IMC) applications as well as within the discrete memory chip domain, among others. This Placement enables us to strengthen our newly formed System and AI team.”

Explore ReRAM NVM IP:

• ReRAM NVM in SkyWater 130nm

Placement details

The A$80.0 million Placement comprises an offer of 19.8 million New Securities in Weebit Nano, representing ~9.4% of the Company’s current issued capital, and the Israeli Placement is targeting up to A$10 million, comprising an offer of 2.5 million New Securities in Weebit Nano representing ~1.2% of the Company’s current issued capital.

The Placement and the Israeli Placement are being conducted at A$4.05 per New Share, which represents:

• A 10.8% discount to the last close price on 25 March 2026 of A$4.54 and
• A 14.0% discount to the 5-Day VWAP at 25 March 2026 of A$4.71

New Securities issued under the Placement and the Israeli Placement will rank pari passu with existing shares in Weebit Nano from their date of issue.

Macquarie Capital (Australia) Limited, United Capital Partners Pty Ltd and MST Financial Services Pty Ltd are acting as Joint Lead Managers and Bookrunners to the Placement and the Israeli Placement, and underwriters of the Placement.

Share Purchase Plan details

Following the completion of the Placement and the Israeli Placement, Weebit Nano also intends to launch an offer of New Securities under a non-underwritten SPP to existing shareholders of the Company at 7.00PM on Wednesday, 25 March 2026 (AEDT) (Record Date) with an address on the register in Australia or New Zealand.

The SPP will provide each eligible shareholder with the opportunity to apply for up to A$30,000 worth of New Shares at the same issue price as the Placement (being A$4.05).

Weebit Nano intends to raise a maximum of A$15.0 million under the SPP, although the Company reserves the right to increase the size of the SPP at its discretion. The SPP may also be subject to a scale back of applications at the absolute discretion of the Company.

New Securities to be issued under the SPP will rank equally with existing shares in Weebit Nano from their date of issue. The SPP offer document (SPP Offer Booklet) containing further details of the SPP will be released on the ASX separately.

For further information regarding the SPP, shareholders can contact the Company’s share registry. Weebit Nano will seek quotation of the New Securities issued under the Placement and the SPP on the ASX.

Further information

Further details of the Offer are set out in the investor presentation also lodged on the ASX today (Investor Presentation). The Investor Presentation contains important information including key risks and foreign selling restrictions with respect to the Offer, and should be read in conjunction with this release.