Amaero Inc. Form S-1/A — Oct 8, 2026
Amaero Inc. filed Amendment No. 3 to its S-1 for a Nasdaq IPO under ticker AMRO, selling 3,883,496 shares at an assumed $5.15 per share for estimated net proceeds of $15.7 million, with underwriters Baird and Lake Street holding a 582,524-share option. The company is a U.S.-based producer of refractory and titanium alloy metal powders and PM-HIP components serving defense and aerospace customers, with backlog growing from $0.4 million at end-2024 to $13.4 million as of September 30, 2026 and H1 2026 revenue of $7.4 million versus $1.2 million a year earlier.
Key figures
- Revenue
- 7397000
- Total Debt
- 19573000
- Revenue Yoy
- H1 2026 revenue of $7.4M vs $1.2M in H1 2025
- Total Assets
- 88568000
- Cash Position
- 13589000
- Gross Proceeds
- approximately $20.0 million gross ($15.7 million net; $18.5 million net if greenshoe exercised)
- Offering Price
- 5.15
- Shares Offered
- 3883496
- Shares Outstanding
- 23,833,180 as of June 30, 2026; 27,716,676 expected post-offering
- Backlog
- $13.4 million as of September 30, 2026
- Greenshoe
- 582524
- Fy2025 net loss
- -$18.4 million
- Insider ownership
- 35.5% held by directors and executive officers
- Accumulated Deficit
- $75.5 million as of June 30, 2026
- Production capacity
- 680 metric tons annually, rising to 920 metric tons with fourth atomizer in June 2027
- Adjusted EBITDA H1 2026
- -$8.5 million
AI analysis
Red flags8 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.