Amaero Ltd (ASX:3DA) Secures A$50 Million to Accelerate Growth Initiatives
Capital Raising Details
Amaero Ltd (ASX:3DA) has secured firm commitments for a placement of 125 million new fully paid ordinary shares at an issue price of A$0.40 per share, raising gross proceeds of A$50 million. Additionally, the company has authorised up to A$3 million to be offered via a Share Purchase Plan to eligible existing shareholders.
Use of Proceeds
The proceeds from the placement and the Share Purchase Plan will be used to accelerate growth initiatives planned for fiscal year 2027 and beyond. This includes investments in manufacturing capabilities and scaling revenue through strategic projects.
Strategic Growth Initiatives
Amaero plans to capitalise on the United States’ defense industrial base strengthening and sovereign manufacturing re-shoring priorities. Investments include ordering a fourth atomizer, designing and building an Argon gas recycling unit, and other corporate development initiatives.
Executive Comments
Hank J. Holland, Amaero’s Chairman and CEO, stated: “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. 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.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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