BrainChip responds to ASX query

BrainChip Holdings (ASX:BRN) has addressed a price query from the ASX following significant changes in the trading price and volume of its securities. The ASX observed an increase in BRN's share price from $0.25 to $0.40 within a week, alongside a notable rise in trading volume. BrainChip confirmed there is no undisclosed information impacting this market activity and assured compliance with ASX Listing Rules.

Summary of BrainChip's market clarification

BrainChip Holdings responded to an ASX inquiry regarding unusual trading activity in its securities. The company clarified that it is unaware of any undisclosed, price-sensitive information that could explain the recent rise in share price and trading volume. BrainChip confirmed its adherence to ASX Listing Rules, particularly focusing on continuous disclosure obligations. This situation highlights the importance of transparency and timely communication in maintaining market integrity and investor confidence.

Executive commentary on ASX response

BrainChip is committed to adhering to its continuous disclosure responsibilities and confirms that there is no unannounced information to explain recent trading activity. The company ensures its responses align with ASX Listing Rules and its disclosure policy.