Australia's EBR Systems tracks best day ever on $50 mln funding

EBR Systems

01/07/2022 04:35

** Shares of medical device co EBR Systems Inc  EBR.AX  rise
as much as 48% to A$0.555, set for their best day on record if
gains hold
    ** EBR secures five-year, $50 mln growth capital facility
from venture debt provider Runway Growth Capital LLC
 urn:newsml:reuters.com:*:nASX2LF8hK
    ** Co says funds to be used for growth and commercialisation
activities over the medium term
    ** Shares hit their highest since May 18, up for a third
straight session
    ** More than 376,000 shares change hands, compared with the
30-day average volume of about 194,000 shares 
    ** Stock down about 55% this year, as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))