IPO - EBR Systems, Inc.

Form Type: 8-K

Filing Date: 2025-05-29

Corporate Action: Ipo

Type: New

Accession Number: 000121465925008505

Filing Summary: On May 22, 2025, EBR Systems, Inc. entered into a Placement Agreement for an institutional placement of 55,900,000 CHESS Depository Interests (CDIs), each representing one share of the Company's common stock. This placement aimed to raise approximately U.S. $36 million before fees, which included underwriting, management, selling, and advisory fees totaling around U.S. $2.25 million. The CDIs were offered at a purchase price of A$1.00 each, equivalent to U.S. $0.6434. The placement was fully underwritten by J.P. Morgan Securities Australia Limited and Morgans Corporate Limited, settling on May 26, 2025. The Placement Agreement includes standard representations, warranties, and covenants by the parties. It also confirms the securities sold are exempt from registration under the Securities Act of 1933 based on Regulation S, as the offering was made outside the United States.