On 3 January Brainchip announced another capital call with LDA - another 40m shares to raise a minimum of $12m = 30c per share.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02759614-2A1497774

Company has agreed to sign an extension of the Put Option Agreement with LDA Capital LLC
• Minimum Drawdown for 2024 is $12,000,000 AUD.

The amendment will provide the company with access to capital, when necessary, until December 2024. The company is committed to meeting its obligation under the current agreement by drawing down the remaining $2.7M AUD which is currently underway and expected to conclude sometime in Q1 of 2024.

Under this Third Amendment, the company has agreed to an additional Minimum Drawdown Amount of $12M to be drawn no later than 31 December 2024.
Under the terms of the agreement, the company will issue 40 million Collateral Shares by the earlier of the next Capital Call or 31 March 2024.