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, with a focus on gradual, disciplined company growth.

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

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

Strategic priorities and market positioning

• Aims to create a significant performance gap over competitors by making ReRAM technology much faster, smaller, and more durable.

• Focused on leveraging ReRAM's advantages for AI and in-memory compute, with a dedicated team to optimize memory for these applications.

• Plans to aggressively grow market share as the ReRAM market is expected to expand 45x in coming years.

• Ongoing efforts to close additional fab deals this year, with multiple negotiations in progress.

• Pressure from product companies is already influencing foundries to consider adopting Weebit ReRAM.

Competitive landscape and differentiation

• Only TSMC and Weebit have qualified ReRAM for mass production; Weebit is the only independent provider.

• ReRAM is positioned as simpler and cheaper than MRAM, with significant technical and commercial advantages.

• The team is cited as a key differentiator, with unique expertise enabling rapid progress and overcoming industry obstacles.

• Chinese ReRAM providers are seen as limited to basic applications, with little traction outside China.

• In-memory compute is a nascent market with many entrants, but Weebit’s ability to tailor memory for specific applications is a competitive edge.