Amaero Secures A$22M Placement, Fully Funded for FY2026 Commercialisation

Strategic Capital Raise Completes Funding Cycle

Amaero International Limited (ASX:3DA) has successfully closed a A$22 million institutional placement, marking the final chapter in a series of strategic equity raises totaling nearly A$100 million since May 2022. The placement was priced at A$0.30 per share, representing a modest discount to recent trading prices, and attracted strong support from cornerstone investors including Pegasus Growth Capital, Regal Funds Management, IFM Investors, and a new U.S.-based institutional participant.

This capital injection solidifies Amaero’s financial footing as it prepares to transition from development to commercialisation in FY2026. With a pro forma cash position of approximately A$41.5 million, supplemented by a recent A$37.8 million loan facility from the U.S. Export-Import Bank, the company is well-positioned to fund its planned capital expenditures and operational costs through to anticipated EBITDA breakeven.

Focused Investment in Manufacturing Capacity

The proceeds from the placement are earmarked primarily for capital equipment purchases (A$10.5 million) and fit-out improvements at Amaero’s Tennessee manufacturing facility (A$10.4 million). These investments align with the company’s strategy to scale its additive manufacturing capabilities, particularly in producing high-value refractory and titanium powders for defense, aerospace, and space applications.

Amaero’s pioneering work in powder metallurgy hot isostatic pressing (PM-HIP) technology enables the production of large, near-net-shape parts that serve as substitutes for traditional castings and forgings. This capability addresses critical supply chain vulnerabilities in the U.S., supporting national initiatives to reshore and strengthen domestic industrial capacity.

Investor Confidence and Market Position

The participation of established investors such as Pegasus Growth Capital and Fidelity International, alongside new entrants like Regal Funds Management and IFM Investors, underscores growing institutional confidence in Amaero’s business model and growth prospects. The addition of a U.S.-based institutional investor further validates the company’s strategic positioning within the American industrial landscape.

Chairman and CEO Hank J. Holland highlighted the significance of this milestone, noting that the funding satisfies precedent conditions tied to the EXIM Bank loan and fully supports the company’s operational roadmap through FY2026. He emphasized Amaero’s first-mover advantage and differentiated manufacturing capabilities as key drivers of long-term value creation amid U.S. government priorities to rebuild critical supply chains.

Looking Ahead

While the placement includes a conditional tranche subject to shareholder approval, the overall capital structure now provides a strong platform for Amaero’s commercial ambitions. The company’s ability to execute on its expansion plans and capture market share in additive manufacturing will be closely watched by investors seeking exposure to advanced manufacturing technologies with defense and aerospace end markets.