Piper Alderman advises on Series B equity raise for aerospace engineering company
06/09/2022
Piper Alderman has advised AMSL Innovations Pty Ltd on its Series B equity funding round, as the company continues to develop its “Vertiia” electric vertical take-off and landing aircraft.
AMSL Innovations is an aeronautical engineering company that is developing an electric vertical take‑off and landing aircraft, proposing a new mode of safe, affordable and energy efficient transport for passengers.
With support from the St Baker Energy Innovation Fund, IP Group Australia, TelstraSuper and HostPlus in the Series B Round, AMSL will use the funding to propel the Company’s future growth and achieve important technical and commercial milestones.
The Piper Alderman deal team led by partner Lis Boyce, with support from associate Sam Blight, advised AMSL Innovations on the subscription documents, and changes to the Company’s constituent documents. This required thoughtful negotiation to fairly balance the perspectives of existing and new shareholders contributing to the round and to align the efforts of all shareholders with the success of the Company.
The Founders of AMSL Innovations, Andrew Moore and Siobhan Lyndon, said:
”Lis was recommended to us as an experienced adviser to growing companies. We appreciated the support of the Piper Alderman team in providing clear and practical legal advice as we navigated this important funding round.”
Commenting on the capital raising, Lis Boyce said:
“It’s a pleasure to work with an innovative company such as AMSL. We congratulate Andrew, Siobhan and the rest of the AMSL team on their achievements to date, and we appreciated the opportunity to support them on this significant capital raising.”
Piper Alderman is proud to have advised AMSL Innovations on this transaction and is excited to assist the company reach new altitudes.
Related media coverage:
- Aerospace engineering company advised on Series B funding round – Lawyers Weekly, 13 September 2022
- AMSL Innovations Pty Ltd’s Series B Equity Funding Round – Global Legal Chronicle, 7 September 2022