Amaero International Ltd - Fully funded through to commercialisation

304 Views26 Feb 2025 14:00

Issuer-paid

SUMMARY

RaaS Research Group has published an update on advanced materials manufacturing group Amaero International (ASX:3DA) following recent events including execution of the credit agreement for the US$22.8m loan from the Export-Import Bank of the United States, the $22m institutional share placement and release of the H1 FY25 results.The company recently announced a $22m institutional placement, priced at $0.30/share, concluding a series of six strategic capital raises since May 2022 to raise $98.5m.
The company says the proceeds from the raise together with the now executed credit agreement for a US$22.8m (A$36.2m) loan from the Export-Import Bank of the United States (EXIM), will fund Amaero’s planned capital expenditure and operations through to anticipated EBITDA break-even in FY26.
Separately, Amaero has also released its H1 FY25 accounts, delivering a better-than-forecast underlying EBITDA loss of $7.5m versus our forecast for $9.1m.

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