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4DS Memory Ltd. ( (AU:4DS) ) just unveiled an announcement.
4DS Memory Limited has successfully completed its Share Purchase Plan (SPP), raising a total of $8.6 million in conjunction with a previous $6 million placement. The funds will be used to advance their design agreement with Infineon Technologies and ongoing development with imec, demonstrating strong shareholder interest and support. The company plans to use the proceeds for working capital, design and services agreements, and general investment in its semiconductor technologies.
More about 4DS Memory Ltd.
4DS Memory Limited is a semiconductor technology company based in Silicon Valley. It specializes in high bandwidth, high endurance, persistent non-volatile memory technology, particularly Interface Switching ReRAM. Established in 2007, the company owns a patented IP portfolio with 34 USA patents and has key industry partnerships with imec, Infineon Technologies, and Western Digital subsidiary HGST.
Average Trading Volume: 150,000
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $40.44M
Find detailed analytics on 4DS stock on TipRanks’ Stock Analysis page.
