Amaero International Limited (ASX:3DA) Completes A$22 Million Placement, Fully Funded and Positioned for Commercialisation in FY2026
Capital Raising
Amaero International Limited has successfully completed an A$22 million institutional placement, fully subscribed by Pegasus Growth Capital, the Amaero Board, Regal Funds Management, IFM Investors, Fidelity International, and a new U.S-based institutional investor. This Placement concludes a series of six strategic equity capital raises since May 2022, totaling A$98.5 million. The pro forma cash balance post-transaction stands at approximately A$41.5 million, in addition to a recent A$37.8 million loan from Export-Import Bank of the United States, positioning Amaero for commercialisation in FY2026.
Use of Proceeds
The proceeds from the Placement will be allocated towards capital equipment purchases (A$10.5 million), fit out and improvements to the Tennessee facility (A$10.4 million), and offer costs (A$1.1 million), totaling A$22.0 million.
Executive Comments
Hank J. Holland, Chairman and CEO, commented: “As we transition to commercialisation in FY2026, this equity capital raise concludes a series of strategic capital raises since May 2022 that have totalled approximately A$100 million. This financing satisfies the precedent condition in the recently announced EXIM Bank loan to complete capital raise prior to first loan draw and it fully funds the planned capital expenditures and operations through anticipated EBITDA breakeven in FY2026. This marks a significant milestone for Amaero. We are pleased that Regal Funds Management and IFM Investors will join Pegasus Growth Capital and Fidelity International as substantial investors and we are pleased to add a U.S. institutional investor. With the support of our stakeholders, we continue to focus on our strategic positioning as the largest capacity and most responsive U.S. domestic producer of C103, refractory, and specialty AM powders for additive manufacturing.”
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