Things happen quickly in the US. I’m unsure if the NASDAQ has the equivalent of an ASX trading halt. Price has dropped to US $5.00 in overnight trading.

Anteris’ SEC shows a small raising of $25 million US (about 1 quarter cash burn), smaller than I thought. About 2.75 million in US common stock for US $4.90. It refers to accompanying warrants (essentially options), of either the same amount, or as low as 250,000. There are also about 2.79 million ASX CDIs at $7.50 AUD and 250,000 CDI warrants.

All up this is less than only 15% dilution and has the flavour a ‘bridging’ raise between now and the FDA granting an IDE where I expect a bigger raise at more generous prices. Edgar filing below. There is a link in that to an investor deck which I think deserves its own straw but:

https://www.sec.gov/Archives/edgar/data/2011514/000114036125039290/ef20057670_8k.htm