Artrya Limited

Artrya Limited (ASX:AYA)

Offer Price

A$0.730

per share

Offer Size

A$10,000,000

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Placement

Artrya Limited (ASX:AYA)

AYA1

Lead Manager

Offer Price

A$0.730

per share

Offer Size

A$10,000,000

Placement

Artrya Limited

Offer Details

Issue Price (Per Share)

A$0.730

Discount

-2.82%

Offer Size

A$10,000,000

Shares Available

13,698,631

Artrya Limited (AYA or the Company) is raising A$10 million via a two-tranche placement (Placement), with the ability to accept oversubscriptions at A$0.73 per share.

Placement Price: A$0.73 per share.

Discount to last close of A$0.86/sh: 15.1%.

Discount to 5 trading day VWAP of A$0.815/sh: 10.4%.

Discount to 15 trading day VWAP of A$0.843/sh: 13.4%.

Company Overview

Artrya is an AI-driven MedTech company, founded in 2019, and brought to life in Perth, Australia. Artrya was co-founded by John Konstantopoulos and John Barrington AM, who came together with a mutual passion for disruptive technologies and improving health outcomes across the globe. Artrya sees heart disease in a new way, using data-driven solutions to assist physicians with cardiovascular diagnosis.

Use of Funds

Funds applied to accelerate regulatory applications for Salix Coronary Plaque (SCP) & Salix Coronary Flow (SCF), customer implementation, clinical studies, research & development, regulatory costs & working capital along with commencing a flagship plaque study to support broad clinical credibility and locking in centres with Salix® Software (SAPPHIRE).

Indicative Timetable

Offer Opens

12 Feb 25

Offer close

12 Feb 25

Placement Tranche One Settlement Date

19 Feb 25

Placement Tranche One Allotment Date

20 Feb 25

General Meeting

2 Apr 25

Placement Tranche Two Settlement Date

7 Apr 25

Placement Tranche Two Allotment Date

8 Apr 25

Documents & Downloads

Board & Management

Bernie Ridgeway

Bernie Ridgeway

Chair

Bernie brings a wealth of corporate experience to Artrya, including 37 years in private and ASX listed companies, spending most of that time in the role of Managing Director.

Bernie was Managing Director of the top ASX listed company Imdex Limited (Imdex) for 20 years, retiring in July 2020. During that time, Imdex’s revenue grew from approximately $20m per annum in Australia to more than of $270m per annum, generated from sales from over 100 countries. In that period, the market capitalization of Imdex grew from below $10m to over $600m, and now exceeds $800m; significantly more than of 60% of revenue was generated from outside Australia.

His vision is for Artrya to become the global standard in non-invasive AI and machine learning to diagnose and treat coronary artery disease. Coronary artery disease is the leading cause of death in the world and Artrya can have a positive impact on lowering this death rate. Artrya’s technology is truly disruptive in an area where technology advances in the past decades have been minimal.

Bernie holds a Bachelor of Business in Accounting, is a qualified Chartered Accountant, and is a fellow of the Australian Institute of Company Directors (FAICD)

Jacque Sokolov

Jacque Sokolov

Non-Executive Director

Dr Jacque J. Sokolov is the Chairman and CEO of SSB, a US-based healthcare management and investment company with four strategic divisions: SSB Solutions, SSB Investment Funds, SSB Financial Services, and SSB Governmental Services. The company focuses on delivering value-based healthcare solutions across various sectors, having partnered with over 100 entities in the US. Dr Sokolov has been instrumental in transforming major healthcare corporations, including the turnaround of Humana Inc., the evolution of Hospira into a biosimilar manufacturing leader, and the merger of Summit Medical Group with CityMD.

He is also engaged with next-generation health platforms and genomic companies such as GlobalMed, Calviri, and Lucid Diagnostics. Recently, he has taken leadership roles at Artrya, contributing as Chairman of Artrya USA Inc. and serving on its global quality and compliance boards. Dr Sokolov began his career at Southern California Edison, restructuring one of the largest corporate ERISA health plans, achieving cost savings and improved healthcare outcomes.

Dr Sokolov holds an MD and BA from the University of Southern California, completing advanced training in internal medicine and cardiovascular imaging. He is active on various healthcare boards worldwide.

Kate Hill

Kate Hill

Non-Executive Director

Ms Hill is an experienced non-executive director of ASX listed companies and has particular expertise at board level in both technology companies and also the biotech and medical devices sectors. In addition, she has experience of other listing exchanges including Nasdaq (US) and AIM (UK).

Kate previously spent over 20 years as an audit partner at Deloitte, serving both ASX listed and privately owned clients. She has worked extensively in regulated environments including assisting with Initial Public Offerings, capital raising and general compliance, as well as operating in an audit environment.

She is currently the non-executive Chair of Seeing Machines Limited (LON:SEE) and a Director and Chair of the Audit and Risk Committee of Countplus Limited (ASX:CUP). She has been a non-executive Director and Chair of the Audit and Risk Committee of Elmo Software (ASX:ELO). She is a member of the Institute of Chartered Accountants in Australia and New Zealand, and a graduate of the Australian Institute of Company Directors.  She holds a BSc (Hons) in Mathematics and Statistics from the University of Bristol, UK.

Mathew Regan

Mathew Regan

CEO

Mr Regan is an experienced executive who has worked in a variety of Industries including ASX listed companies, Private Equity and Cooperatives.

He has worked in multi-disciplinary environments from supply chain and logistics to finance and trading and is skilled in business strategy, culture and human resources, information technology, cyber security, innovation, digital and artificial intelligence.

Mr Regan has a background of leading large information technology teams and delivering transformative change in large corporate environments.

He places a high value on combining education with practical experience having successfully completed post graduate placements at the University of Western Australia and Stanford, where he completed the Stanford Executive Program (SEP) focused on Business and Innovation.

Disclaimer

This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Artrya Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.

Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Artrya Limited.

Artrya Limited

Placement

Artrya Limited (ASX:AYA)

AYA1

Offer Price

A$0.730

per share

Offer Size

A$10,000,000

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