What Happened
Additive Manufacturing Pioneer Raises Capital for Growth
Amaero Inc., a leading producer of high-value refractory and titanium alloy spherical metal powders for additive manufacturing, has announced the pricing of its initial public offering of 4,705,883 shares of common stock at $4.25 per share. The company intends to use the net proceeds to purchase capital equipment and for general corporate purposes, including working capital and research and development. The shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol AMRO. This development was reported by GlobeNewswire.