EBR Systems (ASX:EBR) raised roughly AU$3.1 million following the completion of the retail component of its fully underwritten 1-for-20 pro-rata non-renounceable entitlement offer of new CHESS Depositary Interests (CDIs) at AU$0.82 each, according to a Monday filing with the Australian bourse.
The health technology company received applications for about 3.7 million new CDIs. Applications under the top-up facility that exceed the cap will be scaled back.
The entitlements of ineligible retail security holders and those not taken up by eligible retail security holders totaling roughly 1.1 million new CDIs will be placed in line with the underwriting agreement between EBR, Bell Potter, Morgans Corporate, and E&P Capital.
New CDIs will be issued on Oct. 16 and begin trading on the ASX on Oct. 17.
EBR Systems' shares were up 4% in recent trade.
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