Amaero's successful completion of upsized institutional placement

Amaero International Limited (ASX:3DA) has successfully completed an upsized institutional placement, raising A$25.0 million. The placement was priced at A$0.35 per share, representing a 4% discount to the last closing price. The net proceeds will primarily be used to fund the purchase of capital equipment, including the second atomizer, and improvements to the company's headquarters in Tennessee. The post-transaction pro forma cash balance of approximately A$37.2 million will contribute to funding the company's planned capital investment program as it ramps up production.

Chairman and CEO's perspective on the successful placement

Amaero's Chairman and CEO, Hank J. Holland, expressed gratitude towards existing institutional shareholders for their strong ongoing support and welcomed new Australian and international institutional funds to the company's register. The capital raising, along with the qualification of C103 AM powder and the accompanying offtake and preferred supplier agreement with ADDMAN Group, positions Amaero as the largest capacity and most responsive U.S. domestic producer of C103, refractory, and specialty alloy powder for additive manufacturing.

Summary of Amaero's placement and outlook

Amaero's successful completion of the upsized institutional placement reflects strong support from existing and new institutional shareholders. The raised funds will be utilized for the purchase of capital equipment and improvements to the company's headquarters, contributing to its planned capital investment program as it scales up production. The company's strategic milestones, including the qualification of C103 AM powder and the associated agreements, position Amaero as a leading U.S. domestic producer in its industry. With a post-transaction pro forma cash balance of approximately A$37.2 million, Amaero is well-positioned to execute its corporate strategy and ramp up production in line with its ambitions and goals.