Scale-Back Risk Looms as Amaero Launches $3 Million Share Purchase Plan
Amaero Ltd has launched a $3 million Share Purchase Plan offering eligible shareholders in Australia and New Zealand the chance to buy new shares at $0.40 each, matching a recent placement price. The offer opens on 29 August and closes on 19 September 2025.
- Share Purchase Plan (SPP) offer opens 29 August 2025
- Eligible shareholders can apply for up to $30,000 worth of shares
- Issue price set at $0.40 per share, same as recent placement
- SPP aims to raise up to $3 million and is not underwritten
- Proceeds to support production expansion and corporate development
Amaero Launches Share Purchase Plan
Amaero Ltd (ASX, 3DA), a leader in advanced manufacturing materials, has officially opened its Share Purchase Plan (SPP) offer, inviting eligible shareholders in Australia and New Zealand to participate in a capital raising initiative. The offer, which commenced on 29 August 2025, allows shareholders to apply for up to A$30,000 worth of new fully paid ordinary shares at an issue price of A$0.40 per share.
This price matches the recent placement price announced on 21 August 2025, where Amaero successfully raised $50 million from institutional investors. The SPP is designed to provide existing shareholders with an opportunity to increase their investment on the same terms as the placement, without brokerage or transaction fees.
Details and Timetable
The SPP is open exclusively to shareholders registered on Amaero's share register as of 7, 00pm Sydney time on 20 August 2025, with registered addresses in Australia or New Zealand. Shareholders based in the United States or acting on behalf of US persons are excluded from participation due to regulatory restrictions.
Applications must be submitted by 5, 00pm Sydney time on 19 September 2025, with payment accepted via BPAY or electronic funds transfer. Amaero expects to announce the final results, including any scale-back decisions, on 26 September 2025. New shares issued under the SPP are anticipated to commence trading on the ASX from 29 September 2025.
Capital Raising Purpose and Scale-Back
The company aims to raise up to A$3 million through the SPP, which is not underwritten. This means that if shareholder demand exceeds the target amount, Amaero reserves the right to scale back applications at its discretion. Any excess application monies will be refunded without interest.
Funds raised will be directed towards expanding production capacity, upgrading equipment, enhancing corporate development initiatives, and maintaining balance sheet flexibility to accelerate growth. This aligns with Amaero’s strategic focus on supplying high-value refractory and titanium alloy powders to defense, space, and aviation sectors.
Participation and Investor Considerations
Participation in the SPP is voluntary, and shareholders are encouraged to carefully review the terms outlined in the SPP Offer Booklet. The offer is non-renounceable, meaning shareholders cannot transfer their rights to subscribe to others. The new shares will rank equally with existing shares, carrying the same voting and dividend rights.
Investors should consider market risks, including potential fluctuations in Amaero’s share price between the offer date and the issue date. The company advises shareholders to seek professional financial advice if uncertain about participating.
Bottom Line?
Amaero’s SPP offers shareholders a chance to deepen their stake at a discount, but uptake and scale-back outcomes will be key to watch in the weeks ahead.
Questions in the middle?
- Will shareholder demand exceed the $3 million SPP cap, triggering scale-backs?
- How will the proceeds from the SPP accelerate Amaero’s production and growth plans?
- What impact will the new shares have on Amaero’s share price and liquidity post-issue?