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The latest announcement is out from EBR Systems, Inc. Shs Chess Depository Interests Repr 1 Sh ( (AU:EBR) ).
EBR Systems, Inc. has successfully completed a heavily oversubscribed A$20 million Security Purchase Plan (SPP), part of a larger A$75.9 million capital raise. The funds will support the commercialization of EBR’s WiSE system, with a limited market release and reimbursement add-on payments expected in October 2025. This financial boost positions the company to continue operations into Q1 2027, enhancing its market presence in the wireless cardiac pacing industry. The SPP saw strong participation from retail securityholders, prompting the board to increase the offer size to ensure fair treatment and balance sheet flexibility.
The most recent analyst rating on (AU:EBR) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on EBR Systems, Inc. Shs Chess Depository Interests Repr 1 Sh stock, see the AU:EBR Stock Forecast page.
More about EBR Systems, Inc. Shs Chess Depository Interests Repr 1 Sh
Silicon Valley-based EBR Systems (ASX: EBR) specializes in the treatment of cardiac rhythm diseases through its innovative Wireless Stimulation Endocardially (WiSE) technology. This technology eliminates the need for traditional cardiac pacing leads, addressing complications and reliability issues associated with cardiac rhythm disease management. EBR’s initial product targets heart failure patients requiring Cardiac Resynchronisation Therapy (CRT) by stimulating the left ventricle without coronary sinus leads. The company is also exploring future applications for bradycardia and other non-cardiac indications.
Average Trading Volume: 1,177,024
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