If the listing plan failed then Wayne would still have $17.5 million of the Obsidian facility to drawdown over time in $5 million tranches, but another bridge financing would likely be necessary while they try to IPO again.
But, like I said, I am optimistic and I'm sure Anteris is getting high quality advice and representation for the IPO. It looks like Jones Day is handling the legal work and they are a giant law firm that's very experienced with IPO's. It's just that there are a lot of moving parts and the listing depends on the court, the SEC and the Nasdaq all doing their parts in a timely manner so it's not a sure thing until the shares are listed. There is a week's wiggle room, if it takes the SEC longer to approved the filing then the IPO can moved to the next week as long as it takes place before the 20th.
AVR Price at posting:
$9.10 Sentiment: Hold Disclosure: Held
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