EBR Systems Inc. Raises $36 Million Through Institutional Placement on ASX
EBR Systems Inc. has successfully raised $36 million through an institutional placement of 55.9 million CHESS Depository Interests (CDIs) on the ASX, priced at A$1.00 per CDI. The placement, fully underwritten by J.P. Morgan and Morgans Corporate, incurred fees totaling approximately $2.25 million. The transaction settled on May 26, 2025, and is exempt from registration under the Securities Act of 1933.
EBR Systems, Inc. has announced a significant institutional placement of 55.9 million CHESS Depository Interests (CDIs), each representing one share of the company's common stock. Priced at A$1.00 per CDI, the placement on the Australian Securities Exchange (ASX) aims to raise approximately U.S. $36 million. This amount is before deducting fees for underwriting, management, selling, and advising, which total U.S. $2,247,718. The placement was fully underwritten by J.P. Morgan Securities Australia Limited and Morgans Corporate Limited, with Wilsons Corporate Finance Limited and E&P Capital Pty Limited also acting as joint lead managers. The transaction was settled on May 26, 2025, and was exempt from registration under the Securities Act of 1933.
