Amaero Inc. (ASX:3DA) today announced the pricing of its initial public offering (IPO) in the United States, with shares of its common stock set at US$4.25 each. The company, a U.S.-based producer of high-value refractory and titanium alloy spherical metal powders for additive manufacturing and advanced manufacturing, and a pioneer in Powder Metallurgy Hot Isostatic Pressing (PM-HIP) manufacturing of large near-net-shape components, is offering 4,705,883 shares. This pricing represents an approximately 1.8% discount to its last close on the ASX, with the common stock expected to commence trading on the Nasdaq Capital Market on October 15, 2026, under the ticker symbol “AMRO.”
In addition to the initial offering, Amaero has granted the underwriters a 30-day option to purchase up to an extra 705,882 shares of common stock at the IPO price, less underwriting discounts and commissions. The offering is anticipated to officially close on October 16, 2026, pending the satisfaction of customary closing conditions. The company’s share price for ASX purposes has been adjusted to reflect a 40:1 exchange rate of CDIs to Common Stock and an AUD:USD exchange rate of $0.6979.
Amaero intends to allocate up to approximately US$10.0 million of the net proceeds from the offering towards purchasing capital equipment over the next 12 months. The remaining proceeds are earmarked for general corporate purposes, including working capital, operating expenses, and research and development initiatives. Baird is acting as the lead bookrunning manager for the offering, with Lake Street serving as an additional bookrunning manager. A Registration Statement on Form S-1 relating to the common stock was declared effective by the U.S. Securities and Exchange Commission on October 14, 2026. With the lodgement of this announcement, Amaero seeks the lifting of its current trading halt.
