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A&O Shearman advised on Kestra Medical Technologies upsized USD158.7 million follow-on equity offering

A&O Shearman advised on Kestra Medical Technologies upsized USD158.7 million follow-on equity offering
Published Date
Dec 10 2025
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Image of Ilir Mujalovic
Ilir MujalovicPartner, New York
Image of Harald Halbhuber
Harald HalbhuberPartner, New York
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Ana AurCounsel, Toronto
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Kazumasa WatanabeAssociate, New York
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Joe TambascoAssociate, New York
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JB BetkerPartner, New York
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Will JacksonAssociate, New York
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Jennifer MortonPartner, New York
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Taylor PuglieseAssociate, New York
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Dominic PetricAssociate, New York
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Lorenz HaselbergerPartner, New York
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Christopher TorikogluAssociate, New York
A&O Shearman advised the underwriters in the upsized follow-on offering by Kestra Medical Technologies of 6.9 million common shares at a public offering price of USD23 per share, resulting in gross proceeds of approximately USD158.7m, before deducting underwriting discounts and commissions and estimated offering expenses. The 6.9 million common shares included 900,000 shares sold pursuant to the underwriters’ option to purchase additional shares.

Kestra Medical Technologies, Ltd. is a commercial-stage wearable medical device and digital healthcare company focused on transforming patient outcomes in cardiovascular disease using monitoring and therapeutic intervention technologies that are intuitive, intelligent, and connected.

A&O Shearman team was led by U.S. capital markets partners Ilir Mujalovic and Harald Halbhuber, with key support from counsel Ana Aur and associates Kaz Watanabe and Joe Tambasco.

IP transactional partner JB Betker and associate Will Jackson provided advice on intellectual property matters. Financial services regulatory partner Jennifer Morton and associates Taylor Pugliese and Dominic Petric provided advice on financial services regulatory matters. Tax partner Lorenz Haselberger and associate Christopher Torikoglu provided tax advice.

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