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The Offer
Company Overview
Anteris Technologies Global Corp. is a structural heart company focused on improving the quality of life for patients with aortic stenosis through its innovative DurAVR® transcatheter heart valve (THV) system. This system features a single-piece biomimetic valve made with proprietary ADAPT® anti-calcification technology, clinically shown to remain calcium-free for up to 10 years and deployed via the precision-engineered ComASUR® balloon-expandable delivery system. Designed to replicate healthy human aortic valve function, the DurAVR® system aims to address limitations in current valve technologies, offering enhanced durability and hemodynamics for patients across all risk profiles, including younger, more active individuals. With promising clinical trial results and a forthcoming FDA-reviewed Pivotal Trial, Anteris seeks to establish DurAVR® as a superior alternative to traditional TAVR devices in treating severe aortic stenosis.
Key Highlights
Primary Offering:
The total number of ADS available under the offers includes 14,800,000 shares (or 2,220,000 additional shares of Common Stock at any time within 30 days from the date of the prospectus).
Use of proceeds:
Dividend policy:
Anteris Technologies Global Corp. has not declared or paid cash dividends on its capital stock and does not foresee doing so soon, as it intends to retain all available funds to support business operations and expansion. Any future decisions regarding dividend declarations will be at the discretion of the Board of Directors, based on various factors such as the company’s financial condition, operational results, cash flow requirements, expansion plans, and other considerations deemed relevant by the Board.
Financial Highlights (Results of Operations) (Expressed in USD)
Key Management Highlights
Risk Associated (High)
Investment in the IPO of “AVR” is exposed to a variety of risks such as:
Conclusion
Anteris Technologies Global Corp. presents a promising investment opportunity through its innovative DurAVR® transcatheter heart valve (THV) system, which aims to improve the treatment of aortic stenosis with enhanced durability and superior hemodynamics. The system’s unique design and promising clinical results position it as a potential alternative to traditional TAVR devices. The IPO offers an estimated net proceeds of USD90.6 million, primarily for further development and clinical trials of the DurAVR® system. Despite facing financial challenges, including recurring losses and the need for additional capital, the company’s strategic investments in R&D and expansion indicate long-term growth potential. The focus on regulatory approval and upcoming pivotal trials further solidifies its prospects in a high-risk, high-reward market.
Hence, given the financial performance of the company, use of proceeds, and associated risks “Anteris Technologies Global Corp. (AVR)” IPO seems “Attractive" at the IPO price.
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