AQZ Completes Institutional Component of $40m Raising
Key points
- Successful completion of institutional placement and entitlement offer
- Raised approximately $33 million at $0.70 per share
- Trading to recommence on 28 August 2026
Full summary
Alliance Aviation Services Limited (ASX: AQZ) has successfully completed the institutional component of its $40 million equity raising. The fully underwritten institutional placement and the institutional component of the 1 for 5.6 pro rata accelerated non-renounceable entitlement offer raised a total of approximately $33 million at $0.70 per new share. The proceeds will be used for working capital purposes, enhancing balance sheet flexibility, and initiating debt reduction. The retail component of the entitlement offer will open on 2 September 2026 and close on 11 September 2026. Eligible retail shareholders will be invited to participate at the offer price.
Guidance
Raised approximately $33 million at $0.70 per share
Outlook
Proceeds will be used for working capital, balance sheet flexibility, and debt reduction.
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