Completion of $10 Million Heavily Oversubscribed placement
Released
Released
Announcement PDF
ASX Announcement
24 January 2025
Completion of $10 Million Heavily Oversubscribed Placement
Highlights
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Fully funded: Successful completion of a $10 million heavily oversubscribed Placement at
$0.095 per share.
Board Participation: Semiconductor industry leader and incoming Non-Executive Director
Kevin Crofton participates in the Placement (subject to shareholder approval).
Strong institutional demand: further validation through significant participation by multiple
domestic and international fund managers
Strategic Development: Funds to accelerate development of graphene-enhanced
semiconductor technologies, strengthen commercial initiatives, and support working capital
needs.
Innovative Technology: AI1’s proprietary precursors and Atomic Layer Deposition (ALD)
process positions the Company at the forefront of semiconductor advancements, including
partnerships with global leaders.
Adisyn Ltd (ASX: AI1) (“AI1” or “the Company”) is delighted to announce the successful completion
of a $10 million (before costs) capital raise through a heavily oversubscribed Placement
(“Placement”) to institutional and sophisticated investors.
A total of 105,263,158 new fully paid ordinary shares will be issued at $0.095 per share (Placement
Shares).
The Joint Lead Managers (JLM), Sandton Capital Advisory, Alpine Capital, and Peloton Capital, are
entitled to receive a Lead Manager fee of 2% of all funds raised and a Capital Raise fee of 4% of all
funds raised under the placement, payable in cash. The JLM will receive 20,000,000 unlisted options,
exercisable at $0.15 per share over the next three years, for their role in managing the Placement.
Commenting on the successful completion of the Placement Blake Burton, CEO of AI1, said “The
success of this Placement and Kevin’s direct participation reinforces the confidence in AI1’s potential.
These funds will enable us to continue developing our transformative graphene semiconductor
technology and position the Company at the forefront of industry innovation.”
Board Participation
Kevin Crofton, a globally recognised semiconductor industry leader who is set to join the AI1 Board
as a Non-Executive Director (ASX: 21 Jan 25), participated in the Placement by subscribing for
800,000 shares. With Mr Crofton’s share issue subject to shareholder approval, an Extraordinary
General Meeting (EGM) to obtain approval will be called as soon as practically possible.
AI1’s CEO, Blake Burton, commented:
Adisyn Ltd | ACN 155 473 304 | 1300 331 888 | 2 – 3/4 McGrath Road, Henderson WA 6166 | adisyn.com.au
“We are extremely pleased to see the extremely strong demand for the capital raise and thank our
new and existing shareholders for their support. The placement was underpinned by significant
institutional demand and together with Kevin’s decision to personally invest provides a strong
endorsement of AI1’s vision and potential. It reflects the market’s confidence in our ability to deliver
groundbreaking technologies and positions us to capitalise on the vast semiconductor and AI
industries as we advance.”
Use of Funds
Proceeds from the Placement will be deployed strategically to support AI1’s growth objectives:
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Acquisition of Cutting-Edge Equipment: A portion of the funds will be used to purchase a
specialised Atomic Layer Deposition (ALD) machine from Beneq, a global leader in ALD
technology. This equipment will enable AI1 to accelerate the development of its proprietary
graphene-enhanced semiconductor solutions, enhancing performance, scalability, and
compatibility with current chip manufacturing processes.
Technological Innovation and Development: Funds will drive the expansion of AI1’s research
and development capabilities, particularly in advancing 2D Generation’s (2DG) patented
technologies. This includes exploring new applications for graphene in addressing critical
semiconductor bottlenecks, improving energy efficiency, and enabling miniaturisation.
Commercialisation and Strategic Partnerships: Capital will be allocated to advancing
licensing agreements and building partnerships with global semiconductor and electronics
leaders. The Company will focus on collaborations that leverage its graphene-enhanced
technologies to meet industry challenges in AI, 5G, autonomous vehicles, and cloud
computing.
Operational Readiness: Additional resources will be directed toward strengthening AI1’s
operational capacity. This includes scaling internal capabilities to meet the anticipated growth
demands and ensuring the Company is equipped to deliver on project milestones efficiently.
Working Capital and Placement Costs: A portion of the funds will support general working
capital requirements and cover expenses related to the successful execution of the
Placement, including advisory fees, regulatory compliance, and administrative costs.
About AI1
AI1 is a leading innovator in semiconductor and graphene technologies, powered by its wholly owned
subsidiary 2D Generation (2DG). The Company’s proprietary Atomic Layer Deposition (ALD) process
allows for the low-temperature, direct growth of graphene on silicon chips, revolutionising
semiconductor manufacturing by enhancing chip performance, reducing energy consumption, and
improving scalability.
Recent Developments Include:
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Strategic Partnerships: Collaborations with global giants to address critical semiconductor
bottlenecks, enabling advancements in AI, 5G, and autonomous vehicles.
Technological Leadership: Pioneering the integration of graphene to overcome challenges
associated with miniaturisation and power efficiency in semiconductors.
Adisyn Ltd | ACN 155 473 304 | 1300 331 888 | 2 – 3/4 McGrath Road, Henderson WA 6166 | adisyn.com.au
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Executive Strength: Kevin Crofton’s impending appointment as Non-Executive Director. With
over 30 years of leadership in semiconductor giants like Lam Research and KLA Corporation,
Mr Crofton brings invaluable insights and connections to guide AI1’s growth.
Key Dates
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Settlement of Shares: Thursday, 30 January 2025
Allotment and Trading of New Shares: Friday, 31 January 2025
The Placement was conducted within the Company’s existing placement capacity under ASX Listing
Rules 7.1 and 7.1a, and Placement Shares will rank pari passu with existing AI1 shares on issue.
This announcement has been approved for release by the board of Adisyn Ltd.
-ENDSFurther Information:
Investors
Media
Blake Burton
Managing Director, Adisyn
E: investors@adisyn.com.au
T: 1300 331 888
David Tasker
Chapter One Advisors
E: dtasker@chapteroneadvisors.com.au
T: +61 433 112 936
Website: www.adisyn.com.au
Forward-looking statements:
Statements contained in this release, particularly those regarding possible or assumed future
performance, revenue, costs, dividends, production levels or rates, prices, or potential growth of
Adisyn Ltd are, or may be, forward-looking statements. Such statements relate to future events and
expectations and as such, involve known and unknown risks and uncertainties. These forward-looking
statements are not guarantees or predictions of future performance and involve known and
unknown risks, uncertainties, and other factors, many of which are beyond the Company's control,
and which may cause actual results to differ materially from those expressed in the statements
contained in this release.
The Company cautions shareholders and prospective shareholders not to put undue reliance on
forward-looking statements, which reflect the Company's expectations only as of the date of this
announcement. The Company disclaims any obligation to update or revise any forward-looking
information, whether as a result of new information, future events or otherwise, except as required
by law.
Adisyn Ltd | ACN 155 473 304 | 1300 331 888 | 2 – 3/4 McGrath Road, Henderson WA 6166 | adisyn.com.au
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