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Amaero International Ltd ( (AU:3DA) ) has issued an announcement.
Amaero International Ltd has issued over 68 million new ordinary shares to sophisticated, professional, and institutional investors as part of its recent placement. This move is aimed at bolstering the company’s financial position and facilitating its operations within its specialized industry sectors. The issuance was conducted without a formal disclosure under the Corporations Act, and the company asserts compliance with all relevant regulations. This strategic capital raise is expected to enhance Amaero’s manufacturing capabilities and market position, benefiting stakeholders by strengthening its supply chain solutions in the defense, space, and aviation sectors.
More about Amaero International Ltd
Amaero International Limited, listed on the ASX under the ticker 3DA, is based in Tennessee, U.S., and specializes in the production of high-value C103, refractory alloy, and titanium powders. These materials are crucial for additive and advanced manufacturing of components used in the defense, space, and aviation industries. The company has expertise in gas atomization of refractory and titanium alloys and leads in PM-HIP manufacturing, which aids in alleviating supply chain issues for large-scale castings and forgings.
YTD Price Performance: 34.00%
Average Trading Volume: 451,599
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$206.2M
Learn more about 3DA stock on TipRanks’ Stock Analysis page.
