In my opinion the extract from today's ann., removes some uncertainty, retains cash and possibly gives shareholders some faith that Mercer has added $1.6 mill of 'confidence in both the direction that WP is driving AVR and its product'.
Yes am aware of the discount to the SP but retaining funds at this point, is paramount.
"Agreement dated 6 January 2021 (Agreement) as amended between Anteris Technologies Ltd and Mercer Street Global Opportunity Fund, LLC (Investor), the Investor has provided notice to convert $1.62m of convertible notes into ordinary shares. This investment in the Company foregoes the requirement for the Company to repay this amount. In accordance with the Agreement, the conversion price is 90% of the five-day VWAP of the shares up to the issue of the conversion notice."
AVR Price at posting:
$15.50 Sentiment: Buy Disclosure: Held
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