AVR 5.12% $11.85 anteris technologies ltd

Ann: Plan to Pursue Re-domiciliation, Nasdaq listing and US IPO, page-21

  1. KSD
    1,881 Posts.
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    I'm interested in how they deal with option holders and the massive overhang. I have no doubt that any major investor at the IPO preference would be to have this less of an issue that in currently is leading into a major event, the Nasdaq listing. In its current state, it is a massive demotivation Imo given the dilution profile. I can't see how the dynamics will play out given the listing price/premium will have to be range bound to accommodate the option profile shambles. Definitely not a clean listing, maybe they should offer to buy back some of the options to clean it up, or impose lock-up agreements in and around the Nasdaq listing, to reassure new investors there won't be the risk of immediate dilution and align with new investor preferences.
 
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