AVR Anteris Technologies Global Corp.
Price Chart
Executive Summary
Anteris Technologies Global Corp. filed a 424B5 prospectus supplement for an at-the-market (ATM) offering of up to $250 million of common stock through TD Cowen. The proceeds will primarily fund ongoing development of the DurAVR THV System. At the assumed price of $9.00/share, the offering would represent ~28.5% dilution relative to current market cap, with immediate dilution of $4.84/share for new investors.
Actionable Insight
The large ATM overhang will likely pressure the stock near-term. Monitor sales pace via quarterly disclosures; heavy selling could cap upside. Positive PARADIGM trial milestones may offset dilution, but the certainty of future equity issuance is a headwind.
Key Facts
- ATM offering up to $250,000,000 of common stock via TD Cowen
- 3.0% commission on gross proceeds to TD Cowen
- Proceeds to fund DurAVR THV System development and general corporate purposes
- Immediate dilution of $4.84 per share at assumed $9.00 price (55% of offering price)
- 97,232,054 shares outstanding as of March 31, 2026; up to 27,777,777 new shares (28.6% dilution) at $9.00
- Stock closed at $9.00 on May 21, 2026; market cap ~$876M
Financial Impact
Up to $250M gross proceeds with 3% underwriting fee; immediate dilution of $4.84 per share (55% of offering price) for new investors
Risk Factors
- Significant dilution to existing shareholders
- ATM sales may occur at prices below $9.00, increasing dilution
- Potential further equity offerings if cash runway needs extend
- Market overhang from large registered shares (including ~15.65M from Jan 2026 PIPE)
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001140361-26-022632 |
| Document: ny20074564x1_ex107.htm | 0001140361-26-022632 |
| Document: 0001140361-26-022632-index-headers.html | 0001140361-26-022632 |
| Document: 0001140361-26-022632-index.html | 0001140361-26-022632 |
| Document: 0001140361-26-022632.txt | 0001140361-26-022632 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 4, 2026
5d ago
|
Insider Buy
| $9.65 awaiting T+5 | awaiting T+5 | — | $9.34 (−3.21%) |
|
May 22, 2026
18d ago
|
424B5
| $9.08 $9.29 | ▼ −2.31% | ▼ −1.10% | $9.34 (−2.86%) |
|
May 12, 2026
28d ago
|
Press Release
| $6.53 $7.70 | ▼ −17.92% | ▼ −19.08% | $9.34 (−43.03%) |
|
Mar 16, 2026
12w ago
|
EFFECT
| $6.27 $5.47 | ▼ −12.76% | ▼ −10.72% | $9.34 (+48.96%) |
|
Feb 27, 2026
14w ago
|
8-K
| $6.51 $6.20 | ▲ +4.76% | ▲ +2.78% | $9.34 (−43.47%) |
US Market Status
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