Welcome to the special meeting of stockholders of EBR Systems, Inc. Please note that today's meeting is being recorded. It is now my pleasure to turn today's meeting over to Allan Will. Allan, the floor is yours.
Good morning, ladies and gentlemen. My name is Allan Will, and as Executive Chair of EBR Systems, Inc., I am pleased to welcome you to the 2026 special meeting of stockholders, which is being held as a virtual meeting provided by our security registrar, Computershare Investor Services. It is now 4:00 P.M. Tuesday, the 18th of August 2026, U.S. Pacific Daylight Time, which is 9:00 A.M. Wednesday, the 19th of August 2026, Australian Eastern Daylight Time. I note that this is a properly constituted meeting and that a quorum is present. I therefore declare this special meeting of stockholders of EBR Systems open. I would like to first introduce our President and Chief Executive Officer, John McCutcheon. Our other directors are online today as well. They are Karen Drexler, Dr. Bronwyn Evans, Trevor Moody, Dr. Chris Nave, and Dr. David Steinhaus.
Also online today is Gary Doherty, our Chief Financial Officer. We will now move on the formal part of the meeting. The order of business today will follow the notice of special meeting and proxy statement, hereafter referred to as the notice of meeting, dated July 9th, 2026, and I propose we take the notice of meeting as read. As required by the company's bylaws, a copy of the register of stockholders is available for viewing at EBR's place of business in Santa Clara and at EBR's registered address in Sydney, Australia. You are encouraged to make arrangements with Kobe Li, EBR's Australian Company Secretary, should you wish to view the register. Voting restrictions are set out in the notice of meeting, where the chair of the meeting has been nominated as a shareholder's proxy. All open and available proxies have been voted in favor of all items.
Please note that only holders of common stock, common stock proxy holders, or authorized company representatives of holders of common stock may vote online at this meeting today. CHESS Depositary Interest, CDI holders, will not be able to vote at today's meeting. However, if you lodged a proxy form with the company, then your CDI votes will be represented by CHESS Depositary Nominees as the common stock shareholder. Voting today will be conducted by way of a poll, and I will shortly open voting for all proposals. Once voting is open, if you are eligible to vote at this meeting, a polling icon will appear on your screen. Selecting this icon will open the list of proposals and present you with voting options. To cast your vote, simply click on the appropriate option. Once you select an option, the vote is automatically recorded.
You have the ability to change your vote at any time, up until the time I declare voting closed. I now declare voting open on all items of business. Voting on the poll for each motion will remain open until the end of the meeting. The results of the votes received at this meeting and the voting instructions received in advance of the meeting will be released to the Australian Securities Exchange and will be displayed on the company's website. So that security holders can see the full picture of direct and proxy votes received in advance of the meeting, direct and proxy voting for each item will be displayed on the screen while we conduct the business of the meeting today. I appoint Brian Heffernan from Computershare Investor Services as the independent returning officer.
We shall now work through each of the proposals set out in the notice of meeting. Security holders may ask questions by clicking on the message icon, typing your question, and clicking send. May I ask that you keep your questions related to the resolutions only and as succinct as possible. For those security holders who have this option available to you and who have not already lodged your vote, please vote as each proposal is put to the meeting. Proposal 1, the first item of business is to ratify the issuance of 77,352,890 CDIs, equivalent to 7,735,289 shares of common stock, otherwise known as shares, at an issue price of AUD 0.38 per CDI on terms and conditions set out in this proxy statement pursuant to and for the purposes of Australian Securities Exchange, ASX, listing Rule 7.4.
Information in relation to this proposal may be found in the notice of meeting and on the company's website. The board fully supports the approval of this proposal. Are there any questions or comments in relation to Proposal 1? Hearing no questions, I now formally put Proposal 1 to the meeting in accordance with the notice of meeting. Proposal 2. The second item of business is to approve the issuance of 92,105,270 CDIs, equivalent to 9,210,527 shares at an issue price of AUD 0.38 per CDI to certain clients of BCP III Property Limited, an associate of Dr. Chris Nave, a non-executive director of the company, on the terms and conditions set out in this proxy statement, pursuant to and for the purposes of ASX listing Rule 10.11. Details in relation to this proposal are set out in the notice of meeting.
Are there any questions or comments in relation to this proposal? Hearing no questions, I now formally put Proposal 2 to the meeting in accordance with the notice of meeting. This now concludes the formal part of the meeting. I will now proceed to close the meeting. I declare that voting by poll is now closed. On behalf of the directors and staff of the company, I thank you for your attendance at this virtual meeting today. The results of the motions carried at this meeting and the voting instructions received in advance of the meeting will be released to the Australian Securities Exchange and will be accessible on the company's website. Thank you again for your continued support of EBR Systems. I now formally declare this special meeting of stockholders is closed.
This concludes the meeting. You may now disconnect.