Amaero Secures A$50 Million to Accelerate Growth Initiatives
GlobeNewswire News Room·2025-08-21 12:00

Core Viewpoint - Amaero Ltd has successfully secured commitments for a placement of 125 million new shares at A$0.40 per share, aiming to raise A$50 million (approximately US$32.3 million) to accelerate growth initiatives planned for FY2027 and beyond [1][2][5] Group 1: Placement Details - The placement involves issuing 125 million new shares to institutional investors at A$0.40 per share, representing approximately 15.7% of Amaero's current issued capital [5] - The issue price of A$0.40 per share reflects a 5.9% discount to the last traded price of A$0.425 and a 15.8% discount to the 5-day volume weighted average price of A$0.475 [6] - Proceeds from the placement will be utilized to enhance growth initiatives and to attract new institutional investors to Amaero's shareholder base [2][4] Group 2: Share Purchase Plan (SPP) - Amaero plans to offer up to A$3 million in a Share Purchase Plan (SPP) to eligible shareholders, allowing them to acquire shares at the same price as the placement [1][9] - Eligible shareholders can apply for up to A$30,000 worth of new shares at the placement price, with the potential for scale-back if applications exceed A$3 million [9][10] - The SPP is set to open on August 29, 2025, and will close on September 19, 2025, with results announced on September 26, 2025 [12] Group 3: Strategic Growth Initiatives - Amaero has transitioned to commercialization after two years of capital investments and is beginning to scale revenue [3] - The company plans to order a 4th atomizer and design-build an Argon gas recycling unit to enhance its production capabilities [3] - The leadership team emphasizes a long-term strategy focused on re-shoring manufacturing and supply chain capabilities, viewing it as a generational opportunity [4]

Amaero Secures A$50 Million to Accelerate Growth Initiatives - Reportify