EQUITY |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| EQUITY [Abstract] | |
| EQUITY |
7.
EQUITY
Share Capital
For information on the pertinent rights and privileges of the Company’s outstanding shares, refer to Note 14 Equity in the audited consolidated financial statements for the year ended December 31, 2024 as included in the Annual Report.
The following details issuance of Common Stock in the six months ended June 30, 2025:
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In January 2025, in connection with the IPO which initially closed on December 16, 2024, TD Cowen, Barclays and Cantor (in their capacity as the underwriters’ representatives in the IPO) partially exercised the over-allotment option granted by the Company, pursuant to which the Company issued and sold an additional 78,481 shares of Common Stock at the purchase price of $6.00 per share for incremental gross proceeds of $0.5 million.
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During the three months to March 31, 2025, 831 unlisted options issued under the Employee Incentive Plan were exercised. These options had a weighted average exercise price of $3.99 per share.
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In March 2025, the following directors exercised options:
Mr. John Seaberg exercised 40,000 options with an exercise price $7.13 per option and as a result was issued 3,852 shares of Common Stock. The intrinsic value of the 40,000 options represented the consideration for the issue of 3,852 shares.
Mr. Wayne Paterson exercised 233,000 options with an exercise price $7.13 per option and as a result was issued 12,607 shares of Common Stock. The net intrinsic value of the 233,000 options (after deduction of taxes and withholdings) represented the consideration for the issue of 12,607 shares.
Mr. Stephen Denaro exercised 16,500 options with an exercise price of $6.96 per share (AUD $11.20) raising $114,833.
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During the three months to March 31, 2025, external investors exercised 10,000 options for $6.22 per share, for gross proceeds of $0.1 million.
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During the three months to June 30, 2025, 283 unlisted options issued under the Employee Incentive Plan were exercised. These options had a weighted average exercise price of $2.39 per share.
For the comparable six-month period ended June 30, 2024, ATPL issued the following ordinary shares:
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In January 2024, 667 unlisted options issued under the Employee Incentive Plan were exercised. These options had an exercise price of $5.67 equivalent per share (AUD $8.60).
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In January 2024, external investors exercised 12,500 unlisted options for $6.70 equivalent per share (AUD $10.00) raising $0.1 million.
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In March 2024, external investors exercised 262,000 unlisted options for $6.59 equivalent per share (AUD $10.00) raising $1.7 million.
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In April 2024, 1,000,000 new shares were issued to various sophisticated and professional investors at $14.74 equivalent per share (AUD $23.00) for total consideration of $14.7 million.
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In May 2024, external investors exercised 12,000 unlisted options for $6.60 equivalent per share (AUD $10.00) raising $0.1 million.
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