In an innovative maneuver in the manufacturing sector, we are delighted to have advised Metal Powder Works Limited on its strategic acquisition and successful ASX backdoor listing.
Hamilton Locke assisted Metal Powder Works Limited (formerly K-TIG Limited) on its $11 million acquisition and backdoor listing of Metal Powder Works, Inc. and its $10 million public offer.
Metal Powder Works produces high quality powders for use in advanced manufacturing processes. Our team’s expertise was utilised to navigate the intricacies of a backdoor listing, a process that can present unique structuring, legal and regulatory challenges.
Metal Powder Works Limited has shown remarkable innovation in manufacturing, and this listing not only speaks to its growth ambition but also represents a significant milestone in its expansion journey.
Commenting on the transaction, Hamilton Locke partner Jeremy Newman said: “It’s a genuine pleasure to have assisted Metal Powder Works through the backdoor listing process. In a time where private markets are dominating the airwaves, it’s great to see the public markets being utilised to bring great new technologies the investing public.”
The Hamilton Locke team was led by Partner Jeremy Newman, Simon Barcham and Christopher Simpson.
