Amaero Files S-1 Amendment and Amends EXIM Loan

Amaero (ASX:3DA) filed a third amendment to its US Form S-1 registration statement for its proposed US initial public offering, and released the preliminary September quarter estimates included in that filing along with an amended EXIM loan that frees restricted cash.

The preliminary unaudited estimates for the quarter ended 30 September 2026, expressed in Australian dollars at stated USD:AUD exchange rates, show revenue of A$5,607 thousand to A$5,833 thousand, cash and cash equivalents of A$7,095 thousand to A$7,109 thousand, backlog of A$19,249 thousand to A$19,263 thousand, and net cash used in operating activities of A$8,991 thousand to A$9,260 thousand. The figures were prepared by management and no firm has audited or reviewed them. Separately, Amaero amended its credit agreement with the Export-Import Bank of the United States (EXIM), cutting the required pledged collateral balance from 20% to 10% of the outstanding loan balance. This released A$2,961,000 of restricted cash, which the company says would have lifted cash and cash equivalents to A$10,056,000-A$10,070,000 at 30 September 2026. Under the amendment, EXIM's collateral expands to substantially all of the assets of the borrower, the company and the other guarantors, and the first liquidity covenant test moves from 30 September 2027 to 30 September 2028.

The registration statement has not been declared effective. The release gives no offering size, price or timing for the IPO, and backlog and operating cash flow are presented as key performance indicators and non-GAAP measures.