A bit more detail..
Funds raised pursuant to the Offer will be used for:
Also directors are kicking in $150k into the offer
- Improvement to current technology parameters
- Development of 28nm array
- Payments to CEA-Leti for R&D collaboration (of which 60% of the cost is rebated the following year)
- General Working Capital
- Expenses relating to the Offer
Ann: Trading Halt, page-60
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