Capital on your terms

Acuity Capital provides At-the-Market (ATM) capital management solutions to ASX listed companies. ATMs optimise the cost of capital by mitigating risk and allowing companies to capitalise on opportunities. 

Acuity was the first to offer the ATM solution to ASX companies. 

We have established over 45 ATMs with ASX companies. Providing up to $150m of capital at better prices with substantially reduced fees. 

 
Capital raising is expensive, time consuming and often misses the best prices

Capital raising is expensive, time consuming and often misses the best prices

opportunity

Optimise the cost of capital by reducing risks and allowing fine tuning of the capital structure

Controlling when capital is raised will result in a cheaper cost of capital

Controlling when capital is raised will result in a cheaper cost of capital

Solution

Allow ASX companies access to an additional source of cheap capital that they control 

ATMs allow companies to control if, when and at what price capital is raised

ATMs allow companies to control if, when and at what price capital is raised

benefit

ATMs complement traditional capital management strategies leading to a cheaper cost of capital

Who uses ATMs?

In a word: Everybody.

Companies of all sizes in all sectors use ATMs to manage the balance sheet, keep debt at comfortable levels and raise equity capital opportunistically.

Below are some examples companies utilising Acuity Capital’s ATMs.


financials & reits

Some of the largest finance and energy companies as well as REITs use ATMs to raise capital. 

This may be to raise capital to supplement/ complement capital management strategies or for use as working capital. 

tech & biotech

Tech, media and health sciences companies often have periods of extremely high price and volume. 

ATMs are used to monetise these optimal periods of liquidity and raise capital at a better price than otherwise would be possible. 

exploration

Like tech and biotech, exploration companies may generate news that creates higher prices and liquidity. 

ATMs can be used to raise capital at these better prices than otherwise would be possible through a traditional raise. 

Due to the ongoing and constantly changing nature of Acuity's ATM and CPA transactions we do not list them all here. Instead, we provide some useful case studies from the United States for larger ATMs as well as some smaller CPA deals with ASX companies. Contact Acuity for a list of all ATM and CPA transactions announced by ASX companies. 

ASX listed? Consider an Acuity ATM

ATMs are a flexible capital management tool that ASX listed companies have total control over, including if used at all. ATMs are a prudent capital management tool to include as part of a company's overall strategy. 

ATMs can be thought of as providing an ASX listed company the ability to conduct a "reverse buy back" any time the company chooses. 

ATMs are complementary

ATMs do not replace traditional capital raising methods such as debt, hybrids, private placements, rights issues, SPPs or even DRPs. ATMs supplement these traditional methods, thus ensuring the most efficient and the cheapest cost of capital.

Every ASX company should consider an Acuity ATM as part of its capital management strategy to provide the optimal outcomes for the company and its shareholders.