Anteris Technologies Ltd (ASX: AVR) Announces U.S. IPO Launch
Initial Public Offering Details
Anteris Technologies Ltd (ASX: AVR) is excited to announce that Anteris Technologies Global Corp. (ATGC) has launched its roadshow for a proposed initial public offering of 14,800,000 shares of common stock in the U.S. The offering will be exclusively conducted by ATGC, with underwriters also granted a 30-day option to purchase an additional 2,220,000 shares.
Use of Proceeds
The net proceeds from this offering will primarily fund the ongoing development of the DurAVR® transcatheter heart valve. These funds will also support preparations for a pivotal global study focused on treating severe aortic stenosis and will cover general corporate expenses.
Market Impact and Future Plans
ATGC has applied to list its common stock on the Nasdaq Global Market under the ticker symbol “AVR.” Following the IPO, ATGC plans to list its CHESS Depositary Interests (CDIs) on the ASX under the same symbol.
Executive Comments
Malini Chatterjee, Ph.D., Managing Director of Anteris Technologies Ltd, remarked, “This IPO marks a significant step in our journey to advance innovative medical solutions, particularly our DurAVR® transcatheter heart valve designed to improve patient outcomes.” The prospectus related to the offering will be made available soon for interested investors.
About Anteris Technologies Ltd
Anteris Technologies Ltd is dedicated to developing cutting-edge medical devices. The company is renowned for its patented anti-calcification tissue technology used in its lead product, the DurAVR® THV, which aims to transform the treatment of structural heart disease.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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