AVITA Medical Successfully Completes Australian Equity Raise

AVITA Medical Successfully Completes Australian Equity Raise

Benzinga
August 12, 2025

Private placement of approximately 17.2 million new CHESS Depositary Interests ("New CDIs") quoted on the Australian Securities Exchange (ASX)

Issue price of A$1.32 per New CDI, raising approximately US$15 million (~A$23 million), with participation from new and existing Australian shareholders

VALENCIA, Calif., Aug. 12, 2025 (GLOBE NEWSWIRE) -- AVITA Medical, Inc. ((ASX: AVH, NASDAQ:RCEL), a leading therapeutic acute wound care company delivering transformative solutions, today announced the successful completion of a private placement (the "Placement") to institutional and professional investors in Australia to raise an approximate gross amount of US$15 million (approximately A$23 million) by way of the issue of approximately 17.2 million New CDIs at an offer price of A$1.32 per New CDI ("Offer Price").

Proceeds from the Placement will be used for working capital requirements and will provide additional strategic flexibility to support continued growth of the Company's therapeutic acute wound portfolio. This is expected to cover operations until free cash flow begins in 2026.

"The strong support we received in this Placement reflects growing confidence in our strategy and the transformative potential of our therapeutic acute wound care portfolio," said Jim Corbett, Chief Executive Officer of AVITA Medical. "We welcome our new Australian shareholders and extend our sincere gratitude to our existing investors for their continued support."

MST Financial Services Pty Limited acted as sole lead manager.

Placement Details

The Company will issue approximately 17.2 million New CDIs under the Placement at the Offer Price of A$1.32 per New CDI. The Offer Price represents a 11% discount to the last closing price of A$1.48 per CDI on the ASX on Tuesday August 12, 2025, in Australia.

The New CDIs are being issued by the Company in accordance with the Company's available placement capacity pursuant to ASX Listing Rule 7.1.

The New CDIs are expected to be settled on August 19, 2025, and to be allotted and to commence trading on the ASX shortly thereafter on August 20, 2025. New CDIs issued under the Placement will ...

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