AMAERO INC. makes refractory and titanium alloy powders plus PM-HIP components for additive manufacturing. It’s filing for a U.S. IPO with a net loss of -$18.4M.

Use of proceeds is focused on capital equipment purchases over the next 12 months, plus general corporate purposes like working capital, opex, R&D, and possible acquisitions. Key risk: a history of operating losses and ongoing need for additional funding. Scaling powder and PM-HIP capacity is critical, and the May 2026 flash fire shows facility-level disruption is real. Bottom line: a defense, space, aviation, and medical supplier scaling U.S. production, but still deep in the red and capex-hungry. Execution on capacity and safety will make or break this story.

Use of proceeds is focused on capital equipment purchases over the next 12 months, plus general corporate purposes like working capital, opex, R&D, and possible acquisitions.