Anteris Technologies (AMEUF) Prices Public Offering of 34.78M Shares at $5.75, Raising Approximately $200M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3h ago
0mins
Source: seekingalpha
- Public Offering Pricing: Anteris Technologies has priced its public offering at $5.75 per share for 34.78 million shares, aiming to raise approximately $200 million to support its growth strategy.
- Underwriter Option: The company has granted underwriters a 30-day option to purchase an additional 5.217 million shares at the same price, enhancing market liquidity and financing flexibility.
- Private Placement Agreement: Anteris has agreed to sell up to $90 million of common stock to Medtronic through a subsidiary, ensuring Medtronic purchases at least 16% of shares post-offering, which strengthens strategic partnerships.
- Planned Use of Proceeds: The funds will be allocated to advancing the DurAVR® THV trial, expanding manufacturing capabilities, funding research for v2vmedtech, and covering working capital and other corporate purposes, demonstrating a clear vision for future growth.
Analyst Views on AVR
Wall Street analysts forecast AVR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AVR is 19.00 USD with a low forecast of 15.00 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 5.110
Low
15.00
Averages
19.00
High
22.00
Current: 5.110
Low
15.00
Averages
19.00
High
22.00
No data
About AVR
Anteris Technologies Global Corp. is a structural heart company, which is engaged in providing cardiac care by science-driven and measurable advancements to restore heart valve patients to healthy function. Its lead asset, the DurAVR Transcatheter Heart Valve System (THV) consists of a single-piece, biomimetic valve made with its ADAPT tissue-enhancing technology and deployed with its ComASUR balloon-expandable delivery system. DurAVR THV is a novel transcatheter aortic valve for the treatment of aortic stenosis that is shaped to mimic the performance of a healthy human aortic valve. DurAVR THV’s single-piece design mimics the native anatomy of a human aortic valve, as compared to traditional three-piece aortic valves. The Company’s ADAPT is its proprietary anti-calcification tissue shaping technology that is designed to reengineer xenograft tissue into a pure, single-piece collagen bioscaffold. Its ComASUR delivery system is a physician-developed balloon expandable delivery system.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
