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.
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