IperionX Technology, a small-cap darling focused on producing high-performance titanium alloys, was flaunting its just-announced grant from the US Department of Defence as part of a rapid-fire capital raising on Tuesday.
Investor sources said IperionX had Bell Potter seek backers for $25 million to go alongside the DoD award. A handful of IperionX’s largest institutional shareholders, including Fidelity and B. Riley Principal Investments, participated in the deal, which is expected to be announced on Wednesday.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
