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Anteris Technologies Global Corp. (NASDAQ:AVR) closed its previously announced common stock offering Monday, issuing a total of 2,346,936 shares and accompanying five-year warrants to purchase up to 2,346,936 shares of common stock. The company reported gross proceeds of approximately $11.5 million from the offering.
According to a statement based on a Securities and Exchange Commission filing, the offering included the sale of 2,244,896 shares at $4.90 per share, along with warrants, through subscription agreements with certain investors. Additionally, on Friday, Anteris entered into further agreements to sell an extra 102,040 shares and corresponding warrants at the same price and terms.
Each warrant issued in the offering is exercisable six months after issuance and has a five-year term. The shares and warrants were sold without registration under the Securities Act, relying on exemptions including Section 4(a)(2) and Rule 506 of Regulation D.
Anteris also previously disclosed the sale of 2,788,064 CHESS Depositary Interests (CDIs) and related warrants to purchase CDIs at A$7.50 per CDI, under similar terms, to certain investors.
The company stated that it will file a registration statement with the SEC covering the resale of the shares, shares underlying the warrants, CDIs issued in the CDI offering, and CDIs underlying the CDI warrants.
This report is based on a statement provided in an SEC filing by Anteris Technologies Global Corp.
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