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EBR Systems, Inc. Shs Chess Depository Interests Repr 1 Sh ( (AU:EBR) ) has provided an update.
EBR Systems, Inc. has announced the opening of its Security Purchase Plan (SPP), allowing eligible holders in Australia and New Zealand to purchase up to A$30,000 of new CHESS Depositary Interests without additional costs. This initiative follows a recent institutional placement and aims to raise approximately A$6 million, reflecting the company’s commitment to engaging its stakeholders and strengthening its financial position. The SPP provides an opportunity for existing CDI holders to further invest in the company, potentially enhancing EBR’s market presence and operational capabilities.
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, Inc. is a pioneering company in the medical technology industry, focusing on the development of wireless cardiac pacing systems. Their proprietary WiSE technology is designed to provide more effective cardiac rhythm management by eliminating the need for traditional pacing leads, which are often associated with complications. The company’s initial product targets heart failure patients requiring Cardiac Resynchronization Therapy, and future developments may expand to other cardiac and non-cardiac applications.
Average Trading Volume: 1,017,347
Current Market Cap: A$451.6M
See more insights into EBR stock on TipRanks’ Stock Analysis page.