BrainChip Completes Placement to Raise A$21.5 million

SAN FRANCISCO, CA — (Marketwired) — 10/31/17 — BrainChip Holdings Ltd. (ASX: BRN)BrainChip Holdings Ltd. ("BrainChip" or the "Company") (ASX: BRN), a leading developer of software and hardware accelerated solutions for advanced Artificial Intelligence (AI) and machine learning applications, is pleased to announce that it has completed a placement to raise A$21.5 million ("Placement").The Placement was conducted at an issue price of A$0.18 a share, representing a