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AML3D LIMITED — Capital/Financing Update 2023
Mar 1, 2023
64357_rns_2023-03-01_3ded7de3-d2ff-4d56-b6d5-2787179569cb.pdf
Capital/Financing Update
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ASX Release 2 March 2023
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SHARE PURCHASE PLAN
HIGHLIGHTS
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AML3D has launched a Share Purchase Plan to raise up to $400,000
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Funds will be utilised to further AML3D’s US growth strategy and to invest in ARCEMY[®] platform software development
Following on from its successful $3 million Placement, announced on the 7 February 2023, AML3D Limited (ASX:AL3) (" AML3D " or " the Company ") is pleased to announce that it has launched a Share Purchase Plan (“ SPP ”) to allow existing shareholders to participate on the same terms as the Placement participants.
SPP Details
Eligible shareholders will be offered an opportunity to participate in an SPP to raise up to $400,000 with each holder being able to apply for a maximum of $30,000 worth of new shares at a price of $0.072 per share. This represents a discount of 7.3% of the volume weighted average market price for the Shares over the last 5 trading days. A maximum of 5,555,555 new shares will be issued under the SPP.
Shares issued under the SPP will rank pari passu with AML3D’s existing ordinary share capital. The SPP offer booklet containing further details of the SPP is expected to be released on 13 March 2023.
Use of Funds
The funds raised from the SPP will supplement those raised in the Placement and be used to advance AML3D’s US growth strategy by helping to establish a presence at key US additive manufacturing centres of excellence; develop a US sales team, build a US value-added reseller network; invest in AML3D’s ARCEMY[® ] system software development and support the AML3D’s working capital base.
Indicative Timetable
| Event | Date |
|---|---|
| Record Date for SPP | 1 March 2023 |
| SPP Open Date and SPP Booklet sent | 13 March 2023 |
| SPP offer closes | 3 April 2023 |
| Issue and quotation of shares under SPP | 12 April 2023 |
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AML3D Limited (ASX:AL3) ACN 602 857 983 | Australian Patent 2019251514
ASX Release 2 March 2023
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These dates are indicative only. The Company may vary the dates and times of the Offer without notice. Accordingly, shareholders are encouraged to submit their Applications as early as possible.
This announcement has been authorised for release by the Board of AML3D.
For further information, please contact:
Ryan Millar Chief Executive Officer AML3D Limited T: +61 8 8258 2658 E: [email protected]
Hamish McEwin
Chief Financial Officer AML3D Limited T: +61 8 8258 2658 E: [email protected]
About AML3D Limited
AML3D Limited, a publicly listed technology company founded in 2014, is disrupting metal part supply chains using the Company’s patented Wire Additive Manufacturing (WAM®) process. WAM® combines state-of-the-art welding science, robotics automation, materials engineering and proprietary software to lead metal additive manufacturing globally. AML3D is the OEM of the ARCEMY® industrial metal 3D printing systems. ARCEMY® uses WAM® to provide advanced, automated, on-demand, point-of-need 3D manufacturing solutions that are more efficient, cost-effective and have better ESG outcomes compared to traditional casting, forging and billet machining processes. ARCEMY® is IIoT and Industry 4.0 enabled to allow manufacturers across Aerospace, Defence, Maritime, Manufacturing, Mining and Oil & Gas to become globally competitive. AML3D also provides metal 3D printing design engineering services, software licencing, technical support, consumable sales and contract manufacturing services.
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AML3D Limited (ASX:AL3) ACN 602 857 983 | Australian Patent 2019251514