Aeris Raises $21.6M via Share Purchase Plan, Exceeding $10M Goal
Aeris Resources has successfully raised $21.6 million through an oversubscribed Share Purchase Plan, more than doubling its initial $10 million target. The company will issue nearly 48 million new shares to support its working capital needs.
- Share Purchase Plan targeted $10 million but raised $21.6 million
- All 1,287 valid shareholder applications accepted without scale-back
- Approximately 47.97 million new shares to be issued on 23 December 2025
- Funds earmarked for general working capital purposes
- SPP shares priced at $0.45, matching recent placement price
Oversubscribed Share Purchase Plan Signals Strong Investor Support
Aeris Resources Limited (ASX – AIS) has announced the successful completion of its Share Purchase Plan (SPP), which closed on 16 December 2025. Originally aiming to raise $10 million, the company received applications totaling over $21.6 million from 1,287 eligible shareholders, more than doubling its target. In a notable move, Aeris chose to accept all valid applications in full rather than scaling back subscriptions, underscoring robust shareholder confidence.
Capital Raising Details and Share Issuance
The SPP shares were offered at $0.45 each, consistent with the price set in a recent placement, ensuring fairness among investors. Following the oversubscription, Aeris will issue approximately 47.97 million new shares on 23 December 2025. These shares will rank equally with existing ordinary shares, and holding statements are expected to be dispatched on the same day. This capital injection will bolster the company’s balance sheet and provide additional liquidity.
Strategic Use of Funds and Future Outlook
The proceeds from the SPP are earmarked for general working capital, providing Aeris with financial flexibility to support ongoing operations and growth initiatives. While the company has not detailed specific projects or acquisitions tied to this funding, the strong shareholder backing may empower Aeris to pursue its aggressive exploration programs and potential strategic mergers or acquisitions. Executive Chairman Andre Labuschagne expressed gratitude to shareholders for their support, highlighting the company’s commitment to maintaining strong partnerships with its community and investors.
Market Implications and Investor Sentiment
The oversubscription and full acceptance of applications without scale-back send a positive signal to the market about Aeris’s perceived value and growth prospects. However, investors will be watching closely for the impact of the increased share count on earnings per share and share price performance in the coming weeks. The company’s ability to translate this capital into tangible growth or operational improvements will be critical to sustaining investor confidence.
Bottom Line?
Aeris’s oversubscribed SPP strengthens its financial footing, setting the stage for potential growth moves in 2026.
Questions in the middle?
- How will the additional capital beyond the $10 million target be specifically allocated?
- What impact will the increased share issuance have on Aeris’s share price and earnings per share?
- Are there imminent plans for mergers, acquisitions, or major project developments funded by this capital?
