Maddocks advises AI company on capital raising
Maddocks has advised ASX-listed global AI technology company Brainchip Holdings Limited on its agreement with a United States-based investment group to access up to A$29 million in new financing.
The put option agreement will see investment group LDA Capital provide up to A$29 million of committed equity capital to Brainchip over the next 12 months, with the option for it to be extended for a further 12 months. The capital will be applied towards the commercialisation of Brainchip’s ground breaking Akida artificial intelligence technology.
This is the second time in 12 months that the firm has advised Brainchip on a capital raising. In 2019, Maddocks advised the company on its A$6.7 million capital raising by way of an accelerated non-renounceable entitlement offer and on a US$2.565 million convertible note investment.
Maddocks is a proudly independent Australian law firm that works closely with corporations, businesses and governments throughout Australia and internationally. We advise national and international clients across the education, government, healthcare, infrastructure and technology sectors, from our Canberra, Melbourne and Sydney offices. Our specialist expertise includes dispute resolution and litigation, employment and safety, financial services, franchising and insolvency.
For more information:
Tel: 3 9258 3509
Mobile: 0407 618 058
Maddocks advises CMC Markets on transition of online share trading client base
We have advised CMC Markets on its agreement with ANZ to transition the bank’s share investing client base to CMC.
Positive signs: Maddocks advises Sydney Trains on landmark outdoor advertising contracts
We have advised Sydney Trains on two new outdoor advertising contracts
Maddocks lodges appeal for investors caught in liquidation of online stockbroking platform
Maddocks has lodged appeals in relation to on behalf of investors in the now liquidated Halifax Investments Services.
Maddocks advises Go-To Skincare on partnership with BWX
Maddocks has advised Zoë Foster Blake and co-founders of Go-To Skincare on their sale of 50.1% of their business to BWX.