MCDONALD, Tenn., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Amaero Ltd (ASX:3DA) (OTCQB:AMROF) ("Amaero" or the "Company"), a leading U.S. domestic producer of high-value C103, refractory alloy, and titanium powders for additive and advanced manufacturing of components utilized by the defense, space, and aviation industries, is pleased to announce that it has received firm commitments for a placement of 125 million new fully paid ordinary shares at an issue price of A$0.40 per share ("New Shares") to raise gross proceeds of A$50 million (approximately US$32.3 million) before costs ("Placement"). The Company has also authorized up to A$3 million to be offered to eligible Amaero shareholders via a Share Purchase Plan ("SPP") with the opportunity to acquire Shares at the same price per Share as those investors who participated in the Placement. Proceeds from the Placement and the SPP will be used to accelerate growth initiatives that had been planned for FY2027 and beyond.

Though the Company was fully funded to complete its announced A$72 million capital expenditure plan and to achieve planned positive EBITDA in FY2027, given strong interest from investors in the defense and manufacturing re-shoring thematic, the Board decided to raise additional equity capital to accelerate growth initiatives while adding new institutional investors to the Amaero share register. This Placement positions Amaero to capitalize on the United States' priority initiatives to strengthen its defense industrial base and to re-shore and scale its sovereign manufacturing and supply chain capabilities.

After two years of forward-leaning capital investments and commercial engagement, the Company has transitioned to commercialization and has begun to scale revenue. To build on Amaero's first mover advantage and its competitive cost position, Amaero plans to accelerate investments that include ordering a 4th atomizer by end of this calendar year, design-build of an Argon gas recycling unit and other corporate development initiatives.

Hank J. Holland, Amaero's Chairman and CEO, commented, "Over the past three years, Amaero has been deliberate with its corporate strategy, has made forward leaning capital investments and has been disciplined with its allocation of capital. Prior to this placement, Amaero had raised A$98.5 million over 3+ years and approximately A$70 million resides on the balance sheet in cash and tangible assets. The Board and our leadership team are focused on the long-term opportunity. As we view the re-shoring of sovereign manufacturing and supply chain capabilities as a generational opportunity, we will continue to make thoughtful and well-reasoned investments that differentiate our market position, address the needs of our customers and align with U.S. priority policy initiatives.

We are gratified to have strong support of our existing institutional shareholders and to welcome new institutional investors onto the Amaero register. The Placement allows Amaero to accelerate orders of long lead time capital assets and to build upon the progress to date."

Details of the Placement

The Company is undertaking a non-underwritten placement of New Shares to eligible institutional investors to raise gross proceeds of A$50 million. The Placement will result in the issue of 125 million New Shares to institutional investors at an issue price of A$0.40 per New Share (Placement Price), representing ~15.7% of Amaero's current issued capital and pursuant to the Company's available placement capacity under ASX Listing Rule 7.1 and ASX Listing Rule 7.1A.

The issue price of A$0.40 per New Share represents a 5.9% discount to the ...