Shaw and Partners is pleased to be appointed as Joint Lead Manager and Bookrunner to a capital raising by AML3D Limited (ASX.AL3). AML3D raised A$30.0 million via a two-tranche in... Read More
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The Company raised A$20 million by way of a Single Tranche Placement of new ordinary fully paid shares issued at A$0.75. The offer price of $0.75 per share reflected a 16.7% discount to the last traded price on 5 December 2024 of $0.900, 17.0% discount to the 5-day VWAP of $0.904, 13.0% discount to the 15-day VWAP of $0.863. In addition to the Placement, the Company seeks to raise A$5m via a Share Purchase Plan (SPP).
Proceeds of the capital raise will be used to invest in activities in Leilac, lithium and ZESTY (iron and steel), maintain the ability to deliver a rapid restart to the Pilbara Minerals (ASX: PLS) JV Mid-Stream Project should market conditions and/or additional government support warrant it and strengthen the group balance sheet to allow it to patiently execute on its subsidiary capital raising strategy to Leilac and ZESTY.
Calix is well positioned to benefit from strong decarbonisation tailwinds, with a right-sized business model and de-risked balance sheet. The company has experienced significant growth in its opportunity pipeline and has refined its focus on the largest near-term paid opportunities in the most prospective industries to drive future revenue growth.
Calix is an environmental technology company with a unique patented core platform technology. With strong and increasing demand driven by global decarbonisation commitments, Calix is applying its platform technology to the cement, steel, alumina, and critical minerals industries, as well as the direct air capture of atmospheric carbon dioxide, and the production of sustainable environmental products.
The offer was available to Australian Sophisticated and Professional Investors only.
This offer was available to Wholesale investors only (as that term is defined in the Corporations Act). Shaw and Partners Limited acted as Lead Manager for Calix Limited in relation to the offer and received fees for that service.