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.