4 questions lodged at 2026 EBR Inc (EBR) hybrid EGM

Q1. What are we approving the May 2025 placement when our placement capacity was set to be automatically refreshed anyway in May 2026, just two months from now? Does this signal that you're looking to do another big placement in the next few weeks?

Answer: The chair... Watch video of exchange via Twitter.

Q2. June 12, 2025: EBR Systems (EBR): the dual-listed US-based company is developing a wireless cardiac pacing device and announced a $56m placement at $1, an 18% discount to the previous close of $1.215, followed by a $6m SPP with secondary pricing based on a 2% discount to VWAP. The offer was run by 4 names - JP Morgan, E&P Financial, Morgans Corporate and Wilson, which all shared in an excessive 4% fee. The stock was at $1.17 on June 10. Applied for $25,007. Down $200 on original investment. Wrote to them on June 10 requesting an expansion of the SPP cap and on June 18 they came through with a good outcome announcement, lifting the $6m cap to $20m after receiving $35.3m in applications and an allocation system which came to a flat 66.47% of current shareholding after 1,988 of the 4,649 shareholders participated. The stock was at $1.195 on June 30, giving it a market cap of $554 million which initially was happy times for all participants in what turned into a $76 million raising that has seen participants enjoy some early paper profits. Alas, the stock then took a tumble down to 73.5c by the time they held an EGM on March 12, 2026 to approve the capital raising.

Answer: The chair... Watch video of exchange via Twitter.

Q3.

Answer: The chair... Watch video of exchange via Twitter.

Q4.

Answer: The chair... Watch video of exchange via Twitter.

Copyright © 2026 The Mayne Report. All rights reserved

• share
  Share
  • 
    Facebook
  • 
    Twitter
  • email
    Email
  • print
    Print
  • link
    Copy Link
  • cancel
    Cancel