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 offer public offer (IPO) oversubscribed under its Prospectus dated 10 February 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 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
About AML3D Limited
AML3D Limited is an Australian public company incorporated on 14 November 2014 and currently operates out of its Adelaide Contract Manufacturing Centre. The Company specialises in providing commercial large-scale metal 3D printing services to defence, maritime, aerospace and resources customers. The Company has commercialised its technology under the trademark WAM® and proprietary software WAMSoft® which combines metallurgical science and engineering design to fully automate the 3D printing process utilising advanced robotics technology.