EBR.ASX: Successful Completion of Institutional Offer

Successful Completion of Institutional Offer

Stock	EBR Systems Inc (EBR.ASX)
Release Time	5 Jun 2026, 9:25 a.m.
Price Sensitive	Yes

This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA. The summaries are generated by large language models so please interpret with care.

EBR Systems Successfully Completes Institutional Offer

Key Points

EBR completed Institutional Placement and Entitlement Offer raising $106.4 million
Tranche 1 Placement raised $29.4 million without securityholder approval
Institutional Entitlement Offer raised $42.0 million with $8.4 million taken up by eligible securityholders

Full Summary

EBR Systems, Inc. successfully completed its Institutional Placement and Institutional Entitlement Offer, raising approximately $106.4 million. The Institutional Placement raised $29.4 million under Tranche 1 and $35.0 million under Tranche 2, subject to securityholder approval. The Institutional Entitlement Offer raised $42.0 million with $8.4 million taken up by eligible institutional securityholders and the remainder placed with institutional and sophisticated investors. The Retail Entitlement Offer will open on June 11, 2026, aiming to raise an additional $43.6 million. The Tranche 1 Placement and Institutional Entitlement Offer are expected to settle on June 11, 2026, while the Tranche 2 Placement is expected to settle in August 2026, pending securityholder approval.

Guidance

Approximately $106.4 million raised in total

Outlook

EBR Systems anticipates the resumption of normal trading on June 5, 2026, and plans to complete the Retail Entitlement Offer by June 22, 2026.