Anteris Technologies Ltd (ASX:AVR) announced that it will issue secured convertible note on January 6, 2021. The company has entered into binding agreement with the investor.

On The same date the company issued 1,620,000 note for gross proceeds of AUD 2,500,000 in first tranche. The transaction will include participation from Mercer Street Global Opportunity Fund, LLC, a fund managed by Mercer Street Capital Partners, LLC. Out of the AUD 2,500,000 worth convertible notes, the company issued AUD 1,000,000 worth of convertible notes subject to shareholder approval. The company will issue convertible notes in two tranches.