FAQs

To assist shareholders and investors of AirXpanders, below are a list of Frequently Asked Questions. For further assistance please contact our investor relations team here.

The information provided below as answers to frequently asked questions does not take into account your individual investment objectives, financial situation, or needs. The information provided is of a general nature, does not constitute financial advice, and should not be relied upon as the sole basis for any investment decision. Stockholders should contact their financial, legal, and/or tax advisors before deciding to purchase or sell CDIs of AirXpanders.

What is a CHESS depositary interest or CDI?
The Clearing House Electronic Sub-register System (CHESS) is an ASX computer system that manages the settlement of transactions executed on the Australian Securities Exchange. Additionally, CHESS facilitates the paperless transfer of legal title to ASX quoted financial products However, CHESS cannot be used directly for the transfer of some types of financial products. An example is company shares where the issuing companies (such as AirXpanders) are domiciled in countries whose laws do not recognise uncertificated holdings or electronic transfer of legal title. To overcome this difficulty, ASX developed a type of depositary receipt known as a CHESS Depositary Interest (“CDI”) for overseas Incorporated Companies, so the CDIs can be traded in exactly the same way as ordinary shares on the ASX.
Where can I find out more about CDIs?
The ASX has issued a special information booklet about CDIs which may be found on the ASX website.
What is a share of common stock?
Shares of common stock are the U.S. equivalent of ordinary shares in an Australian company. AirXpanders is incorporated in the United States and hence has common stock on issue.
What is the ratio of shares of common stock to CDIs?
Each CDI represents an interest in a third of an underlying share of AirXpanders' common stock.
Who maintains AirXpanders principal share registry and what is their contact information?

AirXpanders uses Computershare as its share registry. Contact details are set out below.

CDIs: Computershare Australia:
By mail to: Computershare Investor Services Pty Limited
GPO Box 2975
Melbourne VIC 3001
Australia
Phone:
On the web: www.computershare.com.au

Shares: Computershare US:
Correspondence should be mailed to:
Computershare
P.O. Box 505000
Louisville, KY 40233

Overnight correspondence should be sent to:
Computershare
462 South 4th Street, Suite 1600
Louisville, KY 40202

How much will AirXpanders’ shares cost and where can I access the current stock price?

The stock price can be found here (AirXpanders’ ASX ticker is 'AXP')

AirXpanders’ cannot give advice about its own shares or those of any other company. A stockbroker or other financial adviser can give investment advice.

How and where do I find a stockbroker to help me buy shares or CDIs?
AirXpanders cannot recommend a stockbroker, but we suggest you contact the ASX. Alternatively, you could visit the ASX website which provides a guide for this process.
When is the ASX market open?
The ASX is open for trading from 10.00am to 4.00pm Australian Eastern Standard Time (AEST) on Monday to Friday, excluding public holidays.
Are my CDIs freely tradable on ASX? What is the “FOR U.S.” designation?

Yes, your CDIs are freely tradable on ASX except to U.S. persons, who are not currently permitted to acquire CDIs in AirXpanders.

The CDIs were issued and are traded on ASX in reliance on the safe harbour provisions of Regulation S under the U.S. Securities Act of 1933, as amended, and in accordance with the procedures established pursuant to the provisions of the no-action letter dated 7 January 2000 given to ASX by the staff of the U.S. Securities and Exchange Commission for offers or sales which are made outside the US. Accordingly, the CDIs have not been, and will not be, registered under the Securities Act or the laws of any state or other jurisdiction in the U.S. The holders of the CDIs are unable to sell the CDIs into the U.S. or to a U.S. person unless the re-sale of the CDIs is registered under the Securities Act or an exemption is available. Hedging transactions with regard to the CDIs may only be conducted in accordance with the Securities Act. The relief was given subject to certain procedures and conditions described in the no-action letter.

Can I convert my CDIs into common stock? What forms do I need and is there a fee?

Please contact the share registry, Computershare.

Computershare: By mail to Computershare Investor Services Pty Limited GPO Box 2975 Melbourne VIC 3001 Australia

How do I check my holding in AirXpanders?

Please contact the share registry, Computershare.

CDIs: Computershare Australia:
By mail to: Computershare Investor Services Pty Limited
GPO Box 2975
Melbourne VIC 3001
Australia
Phone:
On the web: www.computershare.com.au

Shares: Computershare US:
Correspondence should be mailed to:
Computershare
P.O. Box 505000
Louisville, KY 40233

Overnight correspondence should be sent to:
Computershare
462 South 4th Street, Suite 1600
Louisville, KY 40202

How do I change or update any details of my holding such as a change of address?

CDIs: Computershare Australia:
By mail to: Computershare Investor Services Pty Limited
GPO Box 2975
Melbourne VIC 3001
Australia
Phone:
On the web: www.computershare.com.au

Shares: Computershare US:
Correspondence should be mailed to:
Computershare
P.O. Box 505000
Louisville, KY 40233

Overnight correspondence should be sent to:
Computershare
462 South 4th Street, Suite 1600
Louisville, KY 40202

Do I have to pay tax when my shares are converted from CDIs into common stock and vice versa?
In general terms, AirXpanders does not expect that stockholders will trigger a taxable event when converting between CDIs and common stock, and vice versa, provided the legal and beneficial ownership stays the same. Please consult your personal tax adviser in relation to your own situation.
Who is AirXpanders' legal counsel?

Company's legal counsel is Cooley LLP in the US, and Johnson Winter & Slattery Lawyers in Australia.

Cooley LLP. 3175 Hanover Street, Palo Alto, California 94304-1130 United States of America Telephone: + 1 650 843 5000

Johnson Winter & Slattery Lawyers Level 25, 20 Bond Street, Sydney NSW 2000 Australia Telephone: +61 2 8274 9555

What is the process to subscribe to AirXpanders email alerts?
Please register your interest in AirXpanders on our 'Contact Us' page here.
What is the method to submit additional questions?
Please submit additional questions via our 'Contact Us' page here.