InvestSMART

The article you are trying to access does not exist, however, here are some articles you may be interested in.

EBR Systems Inc (ASX:EBR)

ALERT: Price-sensitive ASX Announcement for EBR
Current share price for EBR : $0.295 -0.175 (-37.23%)+
Announcement
Release
4 Jun 2026 11:41AM
Price at Release
$0.470
Full Release
download
Summary
EBR Systems Inc, based in Sunnyvale, California, announced a fully underwritten capital raising of A$150 million through an Institutional Placement and Entitlement Offer. The capital raising will see the issuance of approximately 394.7 million new CHESS Depositary Interests (CDIs) at an offer price of A$0.38 each, representing significant discounts to recent trading prices. The funds are intended to support the company's sales and marketing expansion, manufacturing scale-up, research and development, clinical operations, and working capital. The initiative involves a Tranche 1 Placement to raise A$29.4 million and a Tranche 2 Placement for A$35 million, both being fully underwritten. Furthermore, an Entitlement Offer, which includes both retail and institutional components, is being extended to investors in Australia, New Zealand, and select international markets. Canaccord Genuity, E&P Capital, and Morgans Corporate are acting as joint underwriters and lead managers for the capital raising effort.
Key Points
  • EBR Systems Inc to raise A$150 million.
  • Capital raising fully underwritten.
  • Funds to support sales, marketing, manufacturing, R&D, and working capital.
  • 394.7 million new CDIs to be issued at A$0.38 each.
  • Offer includes Institutional Placement and Entitlement Offer.
  • Tranche 1 and Tranche 2 placements involved.
  • Retail Entitlement Offer open to eligible securityholders in Australia and New Zealand.
  • Institutional Entitlement Offer conducted for select international investors.
  • Joint underwriters include Canaccord Genuity, E&P Capital, and Morgans Corporate.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.