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Aurora Labs Limited (ASX:A3D)

ALERT: Price-sensitive ASX Announcement for A3D
Current share price for A3D : $0.051 -0.02 (-28.17%)+
Announcement
Release
14 Oct 2025 9:56AM
Price at Release
$0.071
Full Release
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Summary
Aurora Labs Limited (ASX: A3D), an Australian industrial technology company, has successfully completed a $5.5 million capital raising to further its development of drone propulsion systems. The capital was raised through a Two Tranche Placement, with strong support from existing and new investors. The strategic collaboration with Sovereign Propulsion Systems (SPS) will enable aerial testing of next-generation propulsion systems, marking a significant milestone towards commercialisation. The proceeds will be used to advance Aurora's drone propulsion technology for Unmanned Aerial Systems (UAS) and guided munitions, expand manufacturing capacity, and cover working capital and costs of the offer. Bell Potter Securities Limited served as the Sole Lead Manager and Bookrunner for the offer.
Key Points
  • Aurora Labs raised $5.5 million through a Two Tranche Placement.
  • Strategic investment from Sovereign Propulsion Systems for aerial testing.
  • Funds to develop drone propulsion systems for UAS and guided munitions.
  • Collaboration with SPS provides exclusive distribution rights.
  • Bell Potter Securities acted as Sole Lead Manager and Bookrunner.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.