AML3D Issues 500,000 New Shares on Exercise of Unlisted Options

AML3D Ltd ( (AU:AL3) ) just unveiled an update.

AML3D Limited, an Australian-listed metal additive manufacturing specialist, has built its business around a patented Wire Additive Manufacturing process that enables large-scale metal 3D printing for industrial clients. The company also sells its own ARCEMY® industrial 3D printing systems, which incorporate IIoT and Industry 4.0 features to support advanced manufacturing operations.

The company has issued 500,000 new fully paid ordinary shares following the exercise of unlisted options, increasing its share capital without requiring a prospectus. AML3D confirmed compliance with key Australian corporate reporting and disclosure obligations and stated there is no excluded information, signalling a routine capital structure adjustment with no undisclosed material developments for investors.

The most recent analyst rating on (AU:AL3) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on AML3D Ltd stock, see the AU:AL3 Stock Forecast page.

More about AML3D Ltd

AML3D Limited is an Australian-listed technology company specialising in metal additive manufacturing. Founded in 2014, it has developed and patented its Wire Additive Manufacturing (WAM®) process to 3D print large-scale metal parts for sectors including aerospace, defence, maritime, manufacturing, mining and oil and gas.

The company provides contract manufacturing services from its Adelaide Technology Centre and is also the OEM of ARCEMY®, an industrial metal 3D printing system. ARCEMY® integrates IIoT and Industry 4.0 capabilities to help manufacturers improve competitiveness and efficiency in global markets.

Average Trading Volume: 2,188,802

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$102.4M

For a thorough assessment of AL3 stock, go to TipRanks’ Stock Analysis page.