Amaero has secured firm commitments to raise A$50 million through an institutional placement, positioning the company to accelerate key growth initiatives. The strongly supported placement will see the issue of 125 million new shares at A$0.40 per share. In addition, Amaero will offer up to A$3 million to eligible shareholders under a Share Purchase Plan (SPP) at the same price.
Proceeds will enable Amaero to bring forward strategic investments originally planned for FY2027 and beyond, including the purchase of a fourth atomizer, the design and build of an argon gas recycling unit, and further corporate development initiatives.
Amaero produces high-value refractory and titanium alloy powders for additive and advanced manufacturing of components utilised by the defence, space, and aviation industries.
Amaero Chairman and CEO, Hank J. Holland, said the funding underscores strong institutional support for Amaero’s long-term strategy: “Over the past three years, Amaero has been deliberate with its corporate strategy, has made forward leaning capital investments and has been disciplined with its allocation of capital. Prior to this placement, Amaero had raised A$98.5 million over 3+ years and approximately A$70 million resides on the balance sheet in cash and tangible assets.
“The board and our leadership team are focused on the long-term opportunity,” Holland said. “As we view the re-shoring of sovereign manufacturing and supply chain capabilities as a generational opportunity, we will continue to make thoughtful and well-reasoned investments that differentiate our market position, address the needs of our customers and align with U.S. priority policy initiatives. We are gratified to have strong support of our existing institutional shareholders and to welcome new institutional investors onto the Amaero register. The Placement allows Amaero to accelerate orders of long lead time capital assets and to build upon the progress to date.”
Amaero has already transitioned to commercialisation following two years of forward-leaning capital investment, with revenue growth now underway. The additional funding builds on the Company’s robust balance sheet, which held approximately A$70 million in cash and tangible assets prior to the raise. Barrenjoey Markets Pty Limited and Curran & Co Pty Ltd acted as joint lead managers and bookrunners to the placement.
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