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ASX:3DA

8 stories mentioning ASX:3DA

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Asia

Amaero Says Schemes for Delaware Re-Domiciliation Take Effect

Amaero (ASX:3DA) said schemes of arrangement for Amaero US HoldCo to become its new parent company and re-domicile the firm to Delaware in the US have become effective, according to a late Thursday filing with the Australian bourse.The schemes took effect with the lodging of Federal Court approval orders with the Australian Securities and Investments Commission.Amaero shares were suspended from Australian trading at the market's close on Thursday. Amaero US HoldCo's CHESS depositary interests will start trading on the ASX on a deferred settlement basis on Friday, per the filing.

ASX:3DA
Asia

Amaero International Says Australian Federal Court Approves Arrangement Schemes for Delaware Re-Domiciliation; Shares Fall 5%

Amaero International (ASX:3DA) said the Federal Court of Australia made orders approving the schemes of arrangement under which Amaero US HoldCo will become the new ultimate parent company of Amaero and its units, re-domiciling the firm to Delaware in the US, according to a Wednesday Australian bourse filing.Under the schemes of arrangement between Amaero and its shareholders, as well as between Amaero and its option holders, Amaero Inc. will acquire 100% of Amaero's issued shares, and Amaero option holders will receive options in Amaero US HoldCo in exchange for the cancellation of their options in Amaero.The company will lodge an office copy of the court orders with the Australian Securities and Investments Commission on Thursday, per the filing.Amaero International's shares fell nearly 5% in recent trading on Wednesday.

ASX:3DA
Asia

Update: Amaero Secures ASX Waiver for Delaware Re-Domiciliation

(Updates to add stock movement in the last paragraph)Amaero International (ASX:3DA) said the Australian Securities Exchange (ASX) has granted a waiver from listing rule, allowing the company to cancel certain options without shareholder approval as part of its proposed re-domiciliation from Australia to Delaware in the US, according to a Tuesday statement by the company after market hours.The waiver allows the company to cancel 107.3 million existing options and replace them with equivalent options in Amaero US without requiring separate shareholder approval.The arrangement requires full disclosure in the scheme booklet and approval of the share scheme and option scheme by shareholders, option holders, and the court.ASX stated that the waiver is a standard exemption that enables the corporate restructuring while maintaining option holders' economic value through the issuance of replacement securities.The company's shares fell around 1% in recent Wednesday trade.

ASX:3DA
Asia

Amaero Secures ASX Waiver for Delaware Re-Domiciliation

Amaero International (ASX:3DA) said the Australian Securities Exchange (ASX) has granted a waiver from listing rule, allowing the company to cancel certain options without shareholder approval as part of its proposed re-domiciliation from Australia to Delaware in the US, according to a Tuesday statement by the company after market hours.The waiver allows the company to cancel 107.3 million existing options and replace them with equivalent options in Amaero US without requiring separate shareholder approval.The arrangement requires full disclosure in the scheme booklet and approval of the share scheme and option scheme by shareholders, option holders, and the court.ASX stated that the waiver is a standard exemption that enables the corporate restructuring while maintaining option holders' economic value through the issuance of replacement securities.

ASX:3DA
Asia

Amaero International Says Federal Court to Hear Application Regarding Schemes of Arrangement for Redomiciling to US

Amaero International (ASX:3DA) said that the Federal Court of Australia will hear an application on June 10 by Amaero seeking approval of schemes of arrangement proposed by resolutions, which will be considered and potentially passed at the meetings of its members and option holders on Friday, according to a Wednesday Australian bourse filing.Under the schemes of arrangement, Amaero Inc. will acquire 100% of Amaero's issued shares, Amaero option holders will receive options in Amaero Inc. in exchange for the cancellation of their options in Amaero, and Amaero Inc. will become the new ultimate parent company of Amaero and its units, redomiciling the firm to Delaware in the US.The members and option holders seeking to oppose the approval of the proposed schemes of arrangement must file and serve on Amaero a notice of appearance, per the filing.

ASX:3DA
Asia

Amaero Initiates Dust Hazard, Engineering Review of Tennessee Manufacturing Facility

Amaero International (ASX:3DA) initiated a dust hazard and engineering review of its manufacturing facility in Tennessee after a small contained fire occurred during planned remediation work on Tuesday, according to a Wednesday Australian bourse filing.It expects to pause titanium powder production for around four to six weeks while it completes the review and makes any recommended remediation.No injuries were sustained, and there was no damage to the building or capital equipment. The fire was extinguished immediately, it added.It engaged a contractor to undertake the removal of sections of the exhaust system that contained PVC piping, to be replaced with stainless steel, and a small fire occurred during the removal work.Its shares fell 2% in recent trading on Wednesday.

ASX:3DA
Asia

Amaero Reports Flash Fire at Tennessee Facility

Amaero (ASX:3DA) said that on Wednesday, a brief flash fire at its McDonald, Tennessee, manufacturing site injured two workers, who are in stable condition and expected to recover fully, according to a Friday Australian bourse filing.The facility and equipment remained undamaged, but production shifts were canceled for the rest of the day as a precautionary measure, the filing said.Operations resumed normally on Thursday, and the company does not anticipate any continued adverse impact on production or operations, the filing added.

ASX:3DA
Asia

Amaero Posts AU$2.6 Million Q3 Revenue, Up 301%, Reaffirms Fiscal Year 2026 Guidance

Amaero (ASX:3DA) said fiscal third-quarter revenue reached AU$2.6 million, up 301% from the third quarter of fiscal year 2025 and in line with AU$2.5 million in contracted revenue disclosed in January, according to a Tuesday Australian bourse filing.The company said AU$8.4 million of contracted revenue for the fourth quarter of fiscal year 2026 compares to AU$7.2 million disclosed in January, with more than AU$18 million of fiscal year 2026 revenue contracted, underpinning guidance of AU$18 million to AU$20 million, up 372% to 425% on the fiscal year 2025.The company's three-year capital investment program remains on track and on budget for completion by June 30, with incremental capital investments continuing for an argon gas recycling plant expected to be commissioned by the end of the year and a fourth EIGA unit expected to be commissioned in June 2027.Trailing 12-month revenue increased 347% year-on-year, while general and administrative expenses increased 18% year-on-year for the same period, with titanium powder production expected to increase 100% year-on-year in fiscal year 2027, the filing added.

ASX:3DA