Amaero completes A$22 million institutional placement, fully funded for commercialization in FY2026

From GlobeNewswire: 2025-02-10 19:52:09

Amaero International Limited has successfully completed an institutional placement to raise approximately A$22 million, with strong support from existing and new investors. This capital raise, totaling approximately A$100 million since May 2022, positions Amaero for commercialization in FY2026, fully funded with a pro forma cash balance of A$41.5 million. The offer price was A$0.30 per share, marking a significant milestone for the company. New shares issued will rank pari passu with existing shares and will fund capital expenditures and operations. The timetable for the placement includes settlement and allotment dates, with proceeds allocated for capital equipment purchases and facility improvements. The Placement is not underwritten, and Curran & Co acted as the Sole Lead Manager and Sole Book Runner. Gilbert + Tobin served as the Australian Legal Advisor. For further information, contact Amaero International Limited or visit their investor website at https://www.amaeroinc.com.



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