Listed loudspeaker developer Audio Pixel Holdings was asking investors for a $10 million cash injection on Monday morning.
Listed loudspeaker developer Audio Pixels Holdings was asking investors for a $10 million cash injection on Monday morning.Audio Pixels’ investors were asked to tip in to help the company with development, marketing, working capital and repayment of debt, according to the term sheet sent to investors.
It’s a small cap that investors know well. It has told investors it has the only digital reproduction chip available to replace existing analogue technology for loudspeakers, and that its solution is smaller and 10 times more power efficient.Late last month, Audio Pixels said it had received two batches of Gen-1 MEMS wafers back from fabrication and would run a $10 million capital raising after its chip was demonstration-ready.
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