Anteris Technologies Ltd (ASX:AVR) announced a private placement 310,386 ordinary shares at a price of AUD 7.50 for gross proceeds of AUD 2.327895 million on May 24, 2021. The transaction will include participation from predominantly existing top 10 institutional shareholders. The investors will receive one unlisted 2-year option exercisable at $11.50 for every two new shares issued. If shareholder approval is not granted, investors will instead receive a cash payment equivalent to AUD 1.25 per option. The Shareholder approval sought will be at the company’s annual general meeting to be held in July 2021.