Anteris Technologies Ltd announced a private placement of 625,000 new Ordinary Shares at a price of AUD 8 per share for the gross proceeds of AUD 8 million on October 27, 2021. The transaction included participation from L1 Long Short Fund Limited, a fund managed by L1 Capital Pty. Limited. The company issued 500,000 initial unlisted Options, expiring 4 months after issue, February 27, 2022 with an exercise price of AUD 10 and 330,000 unlisted 2-year Options with an exercise price of AUD 15 (Further Options), expiring on October 27, 2023. These Further Options will vest only if all Initial Options have been exercised. If shareholder approval is not obtained and the Initial Options have been exercised, Investors will instead receive a cash payment of AUD 1.25 per Further Option. The Further Options is subject to shareholder's approval and the Lead Manager will be sought at an extraordinary general meeting to be held by late 2021.