Weebit Nano (WBT) investor relations material

Capital raise and use of funds

• Completed a capital raise of AUD 87 million, with AUD 80 million underwritten in Australia and participation from new institutional investors in Australia, Asia, and Israel.

• Funds will be allocated roughly one-third each to technology improvement, AI solution development, and strengthening sales and commercial activities.

• The use of funds is planned over three years, supporting gradual and disciplined company growth.

• The raise was oversubscribed, with a 10% discount considered reasonable given market volatility.

• A Share Purchase Plan (SPP) will be offered to existing shareholders on the same terms, with potential for extension depending on market conditions.

Strategic priorities and market positioning

• Focus on making ReRAM technology significantly superior to competitors in speed, size, endurance, and power consumption.

• AI and in-memory compute are key growth areas, leveraging the ability to tailor memory for optimal performance.

• Commercial push is intensifying as more product companies integrate ReRAM following recent qualifications.

• The company is one of only two with qualified ReRAM for mass production and the only independent provider.

• Pressure from major product companies is already influencing foundries to adopt the technology.

Competitive landscape and differentiation

• Main competitors include TSMC (mass production), GF, UMC, and two Chinese providers, but Weebit is positioned as the only independent qualified provider.

• The team’s expertise is cited as a key differentiator, with a track record of overcoming technical challenges.

• ReRAM is described as simpler and cheaper to manufacture than MRAM, with better prospects for automotive and other applications.

• In-memory compute market is nascent, with many players; Weebit’s ability to customize memory is a competitive advantage.

• University-developed technologies are not seen as immediate threats due to the gap between research and commercialization.