IperionX Raises $50M by Pricing 2.275M ADSs at $21.98 for Expansion
IPX•IperionX priced 2,275,000 American Depositary Shares, each representing 10 ordinary shares, at $21.98 per ADS, raising approximately $50 million in gross proceeds. Net proceeds will fund scale-up of its Virginia Titanium Manufacturing Campus, development of the Camden-Titan Project in Tennessee, and general corporate purposes.
1. Offering Pricing and Size
IperionX announced the pricing of an underwritten public offering of 2,275,000 American Depositary Shares, each representing 10 ordinary shares, at $21.98 per ADS, for gross proceeds of approximately $50 million before underwriting discounts, commissions and offering expenses.
2. Use of Proceeds
Proceeds will support the scale-up and expansion of IperionX’s Titanium Manufacturing Campus in Virginia, advance development of the Camden-Titan Project in Tennessee, and cover general corporate purposes to accelerate commercialization of its titanium and metal alloy production technologies.
3. Underwriting and Timeline
Cantor Securities served as sole book-running manager, with Roth Capital Partners and B. Riley Securities as co-managers. The offering is expected to close on July 9, 2026, pending customary closing conditions.
