Amaero International (ASX:3DA) to raise $9M for equipment purchases
MCAP $104.2M
Chairman, David HannaSource: Monash University
3D printing manufacturer Amaero International (3DA) has received firm, binding commitments to raise $9 million through a share placement
Approximately 16.36 million fully-paid ordinary shares will be issued to institutional and sophisticated investors at 55 cents each
This price represents a 19.9 per cent discount to the five-day volume-weighted average price
Amaero will also be undertaking a share purchase plan (SPP) which is partially underwritten by up to $1.5 million by joint venture partner, PPK Group
Eligible shareholders will be able to subscribe for up to $30,000 worth of shares which will be priced the same as the placement at 55 cents each
The company will use the money from the placement and SPP for equipment purchases, capital expenses, research and development, and working capital
Amaero has ended the day 8.46 per cent in the green with shares trading at 70.5 cents
Amaero International (3DA) has received firm binding commitments to raise $9 million through a share placement.
The 3D printing manufacturer entered a trading halt on Thursday but did not disclose how much it would be raising or what it would use the funds for.
It's since released the details, revealing approximately 16.36 million fully-paid ordinary shares will be issued to institutional and sophisticated investors at 55 cents each.
This price represents a 19.9 per cent discount to the five-day volume-weighted average price and a 20.8 per cent discount to the 15-day volume-weighted average price.
Shares are expected to be allocated later this week on Thursday, December 10.
Amaero will also be undertaking a share purchase plan (SPP) which is partially underwritten by up to $1.5 million by joint venture partner, PPK Group.
Eligible shareholders will be able to subscribe for up to $30,000 worth of shares which will be priced the same as the placement of 55 cents each.
The SPP will Open on December 14, close on January 15, and shares will be allocated on January 27.
Amaero will use the money from the placement and SPP for equipment purchases, capital expenses, research and development, and working capital.
"We are delighted to have completed a successful capital raise as Amaero enters its next stage of growth as a listed entity," Chairman David Hanna commented.
"With very strong support from institutional funds both in Australia and internationally, on behalf of the Board, I would like to thank all who participated in this heavily oversubscribed placement," he said.
"To provide eligible shareholders with the opportunity to fund their company, we have also launched a SPP on the same terms as the placement," he added.
Amaero has ended the day 8.46 per cent in the green with shares trading at 70.5 cents in a $114.7 million market cap.
This doesn't seem promising. All that mining hype
Still they got 4 million in hands lets see what are they going to do?🤔
for your info
Amaero International (ASX:3DA) to raise $9M for equipment purchases MCAP $104.2M Chairman, David HannaSource: Monash University
3D printing manufacturer Amaero International (3DA) has received firm, binding commitments to raise $9 million through a share placement
Approximately 16.36 million fully-paid ordinary shares will be issued to institutional and sophisticated investors at 55 cents each
This price represents a 19.9 per cent discount to the five-day volume-weighted average price
Amaero will also be undertaking a share purchase plan (SPP) which is partially underwritten by up to $1.5 million by joint venture partner, PPK Group
Eligible shareholders will be able to subscribe for up to $30,000 worth of shares which will be priced the same as the placement at 55 cents each
The company will use the money from the placement and SPP for equipment purchases, capital expenses, research and development, and working capital
Amaero has ended the day 8.46 per cent in the green with shares trading at 70.5 cents
Amaero International (3DA) has received firm binding commitments to raise $9 million through a share placement. The 3D printing manufacturer entered a trading halt on Thursday but did not disclose how much it would be raising or what it would use the funds for. It's since released the details, revealing approximately 16.36 million fully-paid ordinary shares will be issued to institutional and sophisticated investors at 55 cents each. This price represents a 19.9 per cent discount to the five-day volume-weighted average price and a 20.8 per cent discount to the 15-day volume-weighted average price. Shares are expected to be allocated later this week on Thursday, December 10. Amaero will also be undertaking a share purchase plan (SPP) which is partially underwritten by up to $1.5 million by joint venture partner, PPK Group. Eligible shareholders will be able to subscribe for up to $30,000 worth of shares which will be priced the same as the placement of 55 cents each. The SPP will Open on December 14, close on January 15, and shares will be allocated on January 27. Amaero will use the money from the placement and SPP for equipment purchases, capital expenses, research and development, and working capital. "We are delighted to have completed a successful capital raise as Amaero enters its next stage of growth as a listed entity," Chairman David Hanna commented. "With very strong support from institutional funds both in Australia and internationally, on behalf of the Board, I would like to thank all who participated in this heavily oversubscribed placement," he said. "To provide eligible shareholders with the opportunity to fund their company, we have also launched a SPP on the same terms as the placement," he added. Amaero has ended the day 8.46 per cent in the green with shares trading at 70.5 cents in a $114.7 million market cap.