Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 1.0
EBR Systems, Inc. issued approximately 394.7 million new CDIs of common stock to institutional investors and existing securityholders for A$150.0 million capital raise.
- Security
- common stock
- Shares
- approximately 394.7 million new CDIs
- Purchaser
- institutional investors and existing securityholders
- Consideration
- A$150.0 million capital raise
Exact text from the filing
On 4 June 2026 (Sydney time), EBR Systems, Inc. (the “ Company ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) with several underwriters for a fully underwritten A$150.0 million capital raise (the “ Placement ”) through the sale of CHESS Depository Interests (“ CDIs ”) in the approximate amount of 394.7 million new CDIs (“ New CDIs ”), with every ten (10) CDIs representing one share of the Company’s common stock, to institutional investors on the Australian Securities Exchange (“ ASX ”) through (i) a fully underwritten institutional placement to institutional and sophisticated investors to raise approximately A$64.4 million (the “ Institutional Placement ”), comprising (a) A$29.4 million institutional placement to institutional and sophisticated investors (“ Tranche 1 Placement ”); and (b) A$35.0 million conditional placement, placed to existing securityholders, subject to securityholder approval (“ Tranche 2 Placement ”), and (ii) a fully underwritten 1 for
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