Weebit Nano Ltd: AGM Outcomes and Unquoted Equity Issuance
Weebit Nano Ltd (ASX: WBT) concluded its 2025 Annual General Meeting (AGM) on 24 November 2025, delivering a comprehensive overview of its strategic direction and shareholder governance. The AGM, conducted in a hybrid format at 385 Bourke Street, Melbourne, attracted a robust voting participation, with all resolutions presented to shareholders by poll.
AGM Resolutions and Governance
The most noteworthy governance development emerged from Resolution 1—the adoption of the 2025 Remuneration Report. More than 25 % of votes opposed this resolution, constituting a “first strike” under the Corporations Act 2001 (Cth). This outcome signals heightened scrutiny of executive remuneration among the shareholder base and may prompt management to revisit compensation structures or provide additional clarification in subsequent reporting cycles.
Other resolutions passed unanimously, confirming the Board’s approval of the company’s financial statements, dividend policy, and strategic roadmap. The AGM also featured a Chair Address and CEO Presentation by David (Dadi) Perlmutter, Anne Templeman‑Jones, and CEO Coby Hanoch. The presentation highlighted Weebit’s ongoing research and development efforts in silicon‑oxide resistive random‑access memory (RRAM) and reaffirmed the company’s commitment to expanding its presence across smartphones, tablets, healthcare devices, automotive systems, and cloud data‑center infrastructure.
Unquoted Equity Issuance – Performance Rights
In a separate disclosure dated 25 November 2025, Weebit announced the issuance of 6,139,584 performance‑rights shares (WBTAE) under an employee incentive scheme. These shares are unquoted on the ASX and were issued on 18 November 2025. The transaction is catalogued under Appendix 3G, reflecting the company’s intent to reward key personnel while preserving the liquidity and valuation characteristics of its primary market listing.
The issuance of performance‑rights shares aligns with Weebit’s broader incentive framework, aimed at retaining top talent and aligning employee interests with long‑term shareholder value. By keeping these securities unquoted, the company mitigates dilution pressure on the public float and avoids additional listing obligations.
Financial Snapshot
As of 23 November 2025, Weebit’s share price stood at AUD 3.65, positioned below its 52‑week high of AUD 5.65 and near the 52‑week low of AUD 1.38. With a market capitalization of approximately AUD 764 million, the company maintains a negative price‑earnings ratio of –19.11, reflecting its investment‑heavy operating model typical of semiconductor technology developers.
The firm’s core business remains the development and licensing of RRAM technology, a niche yet high‑growth segment within the broader semiconductor landscape. The technology’s applicability across consumer electronics, automotive electronics, healthcare, and cloud infrastructure positions Weebit to capture multiple revenue streams as the global demand for high‑density, low‑power memory accelerates.
Outlook
The AGM’s mixed reception on remuneration underscores the need for transparent executive compensation frameworks, especially in technology sectors where talent is a critical driver of innovation. Weebit’s forthcoming disclosures will likely address shareholder concerns and outline planned adjustments.
Simultaneously, the unquoted performance‑rights issuance demonstrates the company’s proactive approach to talent retention without compromising its listed equity structure. As Weebit continues to refine its product portfolio and pursue licensing agreements, market participants should monitor subsequent earnings releases for signs of revenue traction and cost management.
In summary, the 2025 AGM confirmed Weebit Nano Ltd’s strategic priorities and highlighted governance nuances that may shape its capital‑raising and incentive strategies in the near term.
