Form 4: L1 Capital Boosts Anteris Stake with $35.33M Future Investment

L1 Capital Pty Ltd, a 10% owner and director, reported significant future purchases of Anteris Technologies Global Corp. common stock and CHESS Depository Interests.

Summary

• L1 Capital Pty Ltd, identified as a Director and 10% Owner of Anteris Technologies Global Corp. (AVR), has reported future acquisitions of the company's securities.
• On January 22, 2026, L1 Capital is scheduled to acquire 5,000,000 shares of common stock at a price of $5.75 per share, totaling $28,750,000.
• This transaction will increase their indirect beneficial ownership of common stock to 13,219,814 shares.
• Additionally, on October 28, 2025, L1 Capital is set to acquire 1,333,334 CHESS Depository Interests (CDIs) at $4.935 per CDI, totaling approximately $6,580,000.
• Each CDI represents one underlying share of common stock and is exchangeable for shares within 60 days.
• Following these transactions, L1 Capital will indirectly own 1,333,334 CDIs.
• The shares and CDIs are held by various L1 Capital funds, including L1 Long Short Fund Limited, L1 Capital Long Short Fund, L1 Capital Long Short (Master) Fund, L1 Capital Global Champions Fund, L1 Capital Global Long Short (Master) Fund, L1 Capital Global Long Short Fund, and L1 Global Long Short Fund Limited, all controlled and managed by L1 Capital Pty Ltd.

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a highly positive development, given the substantial future investment by a significant insider (10% owner and director), signaling strong confidence in the company's valuation and future prospects.

Positives

• A significant future purchase of 5,000,000 common shares at $5.75 per share by a 10% owner and director, indicating strong confidence in the company's future prospects.
• An additional future acquisition of 1,333,334 CHESS Depository Interests at $4.935 per CDI further increases the insider's stake.
• The total value of the common stock purchase is $28,750,000.
• The total value of the CDI purchase is approximately $6,580,000.
• The combined future investment by L1 Capital totals approximately $35.33 million, representing a substantial vote of confidence.

Future Outlook

The filing indicates a strong future commitment from a significant insider, with substantial purchases of common stock and CDIs scheduled for late 2025 and early 2026. This suggests an optimistic view of the company's future performance by a key stakeholder.

Management Comments

• The Reporting Person does not admit that it is obligated to file ownership reports under the Securities Exchange Act of 1934 since it is exempt under Rule 16a-2.

Industry Context

StockSavvy.ai notes that significant insider buying, especially by a 10% owner and director, is generally perceived as a strong vote of confidence in a company's future prospects. Such transactions often signal that insiders believe the stock is undervalued or that positive developments are anticipated. This can be a bullish indicator for investors, suggesting potential future growth or stability for Anteris Technologies Global Corp.

Comparison to Industry Standards

• StockSavvy.ai observes that insider purchases of this magnitude (over $35 million combined) by a major institutional investor and director are substantial and typically exceed the average insider transaction size seen across many sectors.
• While smaller insider buys might range from tens of thousands to a few hundred thousand dollars, L1 Capital's commitment here is indicative of a high-conviction investment, comparable to significant strategic investments made by large funds in emerging biotech or medical device companies.
• This level of investment by a 10% owner suggests a deeper strategic alignment and belief in Anteris Technologies Global Corp.'s long-term value proposition, potentially positioning it favorably against peers where insider activity might be less pronounced or more transactional.

Related Party Transactions

• The reported transactions involve L1 Capital Pty Ltd, which is identified as both a Director and a 10% Owner of Anteris Technologies Global Corp., making these related party transactions.

Stakeholder Impact

• Shareholders: The significant future purchases by a major insider could instill greater confidence among existing shareholders and attract new investors, potentially leading to increased demand and a positive impact on share price.
• Employees: A strong vote of confidence from a major investor might positively impact employee morale and perception of company stability and future growth.
• Creditors: Increased insider ownership and confidence could be viewed favorably by creditors, potentially improving the company's creditworthiness perception.

Next Steps

• The CHESS Depository Interests are exchangeable for shares of the Issuer's common stock within 60 days of their acquisition date (October 28, 2025).

Key Dates

Recommendation

The substantial future investment by a 10% owner and director, totaling over $35 million, represents a very strong vote of confidence in Anteris Technologies Global Corp. This insider buying suggests that a well-informed party believes the company's stock is significantly undervalued or anticipates substantial positive developments. For a seasoned investor, such a high-conviction move by a major stakeholder is a compelling bullish signal, warranting a 'strong buy' recommendation.

Keywords

Anteris Technologies Global Corp, AVR, L1 Capital Pty Ltd, Insider Buying, Form 4, Common Stock, CHESS Depository Interests, 10% Owner, Director, Equity Acquisition