Capital Signal
July 24, 2025
📊 A$213.8M raised across 12 deals | 4 sectors | Market sentiment: Mixed | Guidance changes: Mixed upgrades
Profit Guidance Updates
Peter Warren Automotive Holdings (PWR)
Guidance Upgrade
$22M PBT Market Cap: $253.2M +0.68% ●
$22M PBT Market Cap: $253.2M +0.68% ●
FY25 Underlying PBT: ~$22M (upgraded)
Previous Guidance: Improved relative to prior expectations
Period: FY25
Previous Guidance: Improved relative to prior expectations
Period: FY25
Key Drivers: End-of-financial-year marketing campaigns, inventory optimization, cost management actions
Standout Metric: Seasonal lift from EOFY campaigns driving improved profitability
Austco Healthcare Limited (AHC)
Guidance Update
$80-82M Revenue Market Cap: $122.0M 0.0% ●
$80-82M Revenue Market Cap: $122.0M 0.0% ●
FY25 Revenue: $80-82M (vs $58.2M FY24)
FY25 EBITDA: $12.5-13.5M (vs $8.1M FY24)
Growth: Revenue +37-41%, EBITDA +54-67%
FY25 EBITDA: $12.5-13.5M (vs $8.1M FY24)
Growth: Revenue +37-41%, EBITDA +54-67%
Key Drivers: Successful acquisitions integration, particularly Amentco outperformance, core operations growth
Standout Metric: $55.8M unfilled contracted revenue, transformative year with strong double-digit growth
Major Capital Raisings
IperionX (IPX)
Placement
A$70M Market Cap: $1.70B -0.93% ●
A$70M Market Cap: $1.70B -0.93% ●
Issue Price: A$5.00 (6% discount to A$5.30 closing)
Structure: Two tranches, directors participating
Volume: 0.99x normal interest
Structure: Two tranches, directors participating
Volume: 0.99x normal interest
Use of Funds: Accelerate US titanium production, order long-lead capital equipment
Key Quote: "Strong support from shareholders allows us to fast-track equipment orders" - CEO Taso Arima
Meteoric Resources (MEI)
Oversubscribed
$42.5M Market Cap: $362M -3.13% ●
$42.5M Market Cap: $362M -3.13% ●
Issue Price: $0.14 (3.3% discount to 10-day VWAP)
Demand: Heavily over-subscribed and up-sized
Support: International institutional backing
Demand: Heavily over-subscribed and up-sized
Support: International institutional backing
Use of Funds: Advance Caldeira Project to Final Investment Decision in 2026
Standout Metric: Heavily oversubscribed placement with international institutional support
Elsight (ELS)
Placement
US$39M Market Cap: $350M +4.05% ●
US$39M Market Cap: $350M +4.05% ●
Issue Price: A$1.70
Structure: Single-tranche placement
Cornerstone: US multinational financial services investor
Structure: Single-tranche placement
Cornerstone: US multinational financial services investor
Use of Funds: Expand sales/marketing, organic/inorganic growth, product development
Key Quote: "Strong support reflects growing conviction in our strategy and technology" - CEO Yoav Amitai
Strategic Investments & Smaller Rounds
QPM Energy (QPM)
SPP
$7.0M +2.78% ● 250% upscale from $2M target
$7.0M +2.78% ● 250% upscale from $2M target
Use: Accelerate Isaac Power Station workstreams • Tags: energy, natural gas
Amplia Therapeutics (ATX)
Placement + SPP
A$27.5M +3.64% ● 19.3% discount
A$27.5M +3.64% ● 19.3% discount
Use: ACCENT and AMPLICITY trials • Tags: biotech, cancer, pancreatic cancer
Rimfire Pacific Mining (RIM)
Placement
$3.5M -5.26% ● 29% discount
$3.5M -5.26% ● 29% discount
Use: Grow scandium resource base • Tags: mining, gold and copper, scandium
Thanks for reading Capital Signal
July 24, 2025 • Mixed market sentiment across 12 transactions
July 24, 2025 • Mixed market sentiment across 12 transactions