IPO Offer closes oversubscribed

March 27, 2020 | ,

AML3D – Offer closes Oversubscribed and Expected Quotation on the ASX

AML 3D Limited (“AML” or “the Company”) is pleased to confirm that it has:

  • Closed its initial public offer (IPO) oversubscribed under its Prospectus dated February 10, 2020; and
  • received conditional approval for admission to the Official List of the ASX;

The company is now working through the standard conditions of admission with ASX and anticipates that the IPO shares will be issued in early April, with a quotation on the ASX likely by mid April.

AML Non-Executive Chairman, Mr Stephen Gerlach, said “Notwithstanding recent market pressures, we are pleased to say there has been exceptional support for our IPO process and we look forward rolling out our business plan in contract manufacturing and sales of our Arcemy 3D printing cells”.

Source: AML3D Media Release 28 Mar 2020. (PDF) MEDIA RELEASE

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About AML3D

AML3D Limited, a publicly listed technology company founded in 2014, utilises new technologies to pioneer and lead metal additive manufacturing globally. Disrupting the traditional manufacturing space, AML3D has developed and patented a Wire Additive Manufacturing (WAM®) process that metal 3D prints commercial, large-scale parts for Aerospace, Defence, Maritime, Manufacturing, Mining and Oil & Gas. AML3D provides parts contract manufacturing from its Technology Centre in Adelaide, Australia, and is the OEM of ARCEMY®, an industrial metal 3D printing system that combines IIoT and Industry 4.0 to enable manufacturers to become globally competitive.