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EBR Systems Strengthens Market Position with New CDI Issuance

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EBR Systems Strengthens Market Position with New CDI Issuance

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EBR Systems, Inc. Shs Chess Depository Interests Repr 1 Sh ( (AU:EBR) ) has issued an announcement.

EBR Systems, Inc. has issued 55,900,000 CHESS Depositary Interests at A$1.00 each to institutional and sophisticated investors, as part of a placement announced earlier. These new CDIs will rank equally with existing ones, and the company has complied with relevant sections of the Corporations Act, ensuring transparency for investors. This move is expected to strengthen EBR’s market position and provide additional capital for its operations, potentially impacting its stakeholders positively.

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 focused on enhancing cardiac rhythm disease treatment through its innovative Wireless Stimulation Endocardially (WiSE) technology. This technology eliminates the need for traditional cardiac pacing leads, addressing complications and reliability issues in cardiac rhythm management. Their initial product targets heart failure patients requiring Cardiac Resynchronisation Therapy, with future products potentially expanding to other indications.

Average Trading Volume: 1,017,347

Current Market Cap: A$451.6M

Learn more about EBR stock on TipRanks’ Stock Analysis page.

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