Anteris Technologies Global Corp. (ASX:AVR) Announces Over-Allotment Exercise
Over-Allotment Option Details
Anteris Technologies Global Corp. (ASX: AVR) has partially exercised the over-allotment option regarding its initial public offering (IPO) in the U.S., which closed on December 16, 2024. The company reported that TD Cowen, Barclays, and Cantor, acting as underwriters, have exercised this option for 78,481 shares of common stock at a price of US$6.00 per share, after discounts and commissions of US$0.42 per share.
Stabilisation Period Conclusion
The company has confirmed the end of the market stabilisation period, which concluded on January 12, 2025. This follows the ‘no-action letter’ issued by the Australian Securities and Investments Commission in connection with their U.S. IPO. During this stabilisation period, TD Cowen, acting as Stabilisation Manager, purchased 2,141,519 shares of common stock at prices ranging from US$5.14 to US$6.00.
Company Overview
Anteris Technologies is focused on developing innovative medical devices intended to restore heart function. Their flagship product, the DurAVR® Transcatheter Heart Valve, aims to treat aortic stenosis and has been used in over 55,000 patients globally.
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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