As it is now 11:00 A.M., and as a quorum is present, I declare the meeting open for business. I confirm the meeting has been properly constituted. Before we commence the formal proceedings of the meeting, I'd like to thank shareholders for their continued support this year. In attendance today are my fellow board members, Lucy Robb Wujek and Jamie Levy, with Eric Bono, Omer Granot, Bob Latta, and Eric Levy joining via Zoom. Also in attendance today, we have representatives from Acclime on behalf of our company secretary, and Deepak Kesavan from RSM Australia, excuse me, the company's auditors. Representatives from Automic, our share register provider, are also in attendance. As previously announced, Lucy Robb Wujek is not standing for re-election at today's meeting and will resign from the board effective at the close of the AGM. On behalf of the entire board, I'd like to thank Lucy for her service and commitment to Amaero. Lucy's played a key and passionate role in the company, and we wish her well in the future endeavors. The virtual component of this meeting is being held via Zoom using Automic platform, enabling shareholders and proxy holders to participate in this live webcast of the meeting, as well as ask questions and submit votes. Questions can be submitted at any time. To ask a question, press on the Q&A button on the bottom ribbon of your Zoom screen. Type your question in the box and press Send. If you wish to ask a question verbally, please type in the Q&A box that you want to ask a verbal question. The moderators will advise myself, and then I will authorize Automic to unmute the speaker, and the shareholder can ask their question. Please note that while you can submit questions from now on, I will not address them until the relevant time in the meeting. Kindly include the agenda item number next to which your question relates. Attendees present in person has been provided with identification cards. Shareholders or proxy voters who will cast their votes during the meeting have been issued yellow cards. Shareholders or proxy holders who have already cast their votes have been issued blue cards, and visitors have been issued red cards, which indicate they're not permitted to vote or ask questions during the meeting. Shareholders or proxy holders with yellow or blue cards may ask questions at the appropriate time by raising their hand. Please note, visitors with red cards are not allowed to ask questions in the meeting. Please also note that your questions may be moderated, or if we receive multiple questions on one topic, due to the time constraints, they'll be combined. We may run out of time to answer all your questions. If this happens, we'll answer them in due course via email or post your responses on our website. I ask you, please keep your questions short and to the point so as many shareholders as possible have a chance to ask a question. When we reach the formal business of the meeting, voting on all resolutions will be conducted by poll. Shareholders attending virtually and wishing to vote on the resolutions being put to the meeting can do so through Automic's investor portal. If you're not already logged in to the investor portal, instructions on how to do so can be found in the notice of meeting. A summary of these instructions can also be seen on the screen. If you've already logged in and lodged a proxy vote, please note that you do not need to vote again through the online voting portal. Your votes will already be counted in a poll in each resolution as per your proxy instruction. If you have any problem registering your shareholder with Automic, please call the support number shown on the screen. To allow shareholders time to log in, I now declare the poll open. Online voting is now open and will remain open until I declare it closed at the end of the formal business. Your votes must be submitted prior to the portal being closed for them to count. As for the agenda, the meeting is as follows: Chairman and CEO's presentation to be followed by the formal business of the meeting and other business. With that, on to the formal remarks. Fiscal year 2024 was a very eventful year, and we expect to build on our progress with important milestone events in fiscal 2025. Over the past two years, we've very intentionally positioned Amaero to address critical gaps in the U.S. domestic industrial production and supply chain capabilities. As recently discussed in investor briefing with Special Advisor H.R. McMaster, over the past three decades, the United States and its allies have offshored manufacturing, have hollowed out our manufacturing workforce, and have atrophied our industrial production and supply chain capabilities. We've sharply consolidated the aerospace and defense prime contractors from 51 primes down to five primes. Metal casting capacity in the United States has declined from over 6,000 foundries to 1,750 foundries, a decline of over 70%. As a specific example, resilient, sustainable, and scalable metal castings and forgings are critical to manufacturing throughput for the aerospace and defense sectors. Yet U.S. domestic capacity for large castings and forgings has contracted by 80%. Our untenable reliance on a single company in Russia, VSMPO, for critical forging capacity became evident with the Ukraine conflict. The United States Department of Defense has identified castings and forgings as one of our four focus areas that pose a critical threat to national security. Unlike the Cold War, when the United States and its allies were threatened by a single axis of evil, the USSR, today we face more volatile geopolitical tensions and more capable adversaries that include not only Russia, but a tyrannical dictator in North Korea, theocratic and jihadist leadership in Iran, and an emerged competing superpower in China. For the first time, the U.S. has ceded primacy capabilities to adversaries, including offensive and defensive hypersonic capabilities... and China has quickly built industrial manufacturing and supply chain capabilities that dwarf the U.S. and its allies. Nowhere is this more evident than the naval and submarine industrial base. Our atrophied industrial base capabilities threaten our national security. Moreover, the volatile geopolitical backdrop, coupled with China's race to buttress its military, have focused bipartisan support and created a call to action with the U.S. government initiatives emanating from the White House, Capitol Hill, and the Pentagon. With the U.S. elections front of mind, it's also important to remember that we not only hollowed out our manufacturing capability, but we destroyed good, skilled, high-paying manufacturing jobs. Whether a Trump administration or a Harris administration, the to-be president and bipartisan congressional leadership strongly support reestablishing and incentivizing growth of the manufacturing economy. Amaero's vision is simple: with a singular focus, Amaero will deliver U.S. domestic capabilities that address critical gaps in industrial production and the supply chain for advanced materials and advanced manufacturing. With threatened national security as the call to action, and with U.S. national policy initiatives as the catalyst, the thematic opportunity and the strategic importance will last for decades. Amaero has moved boldly to establish both a first-mover advantage and a defensive moat. As a small business, we've moved with a sense of urgency. We've been more agile than larger industrial competitors. At the same time, we have not waited for federal funding or contracts. Over the past year alone, we raised AUD 55 million to stand up foundational capabilities. By the end of the fiscal year, we expect to have funded and to have substantially completed Amaero's foundational capabilities. The capital investment will have funded the commissioning of the first atomizer and the ancillary powder processing equipment, the research, development, and testing laboratory, the commissioning of a second atomizer and ancillary powder processing equipment, the commission of dedicated PM HIP manufacturing area, the substantial completion of improvements to 100,000 sq ft manufacturing and corporate office headquarters. We also expect to have ordered a third atomizer and have it under assembly with delivery in calendar year 2026. Importantly, the forward-leaning capital investment positions Amaero as the largest and the most responsive U.S. domestic producer of C-103 refractory and specialty alloy powders. The capital investment provides sufficient scale to grow production over the foreseeable future and positions Amaero with a differentiated and defensible market position. Importantly, the forward-leaning capital investment also is not only strategic, but it's coupled with a pioneering technical and operating team and the most advanced technology. This positions Amaero to be a leader in advanced material and advanced manufacturing for decades to come. Amaero is focused on high-value specialty advanced materials and high-value specialty manufacturing. U.S. domestic production of C-103 refractory and titanium spherical powders are the consumable for additive manufacturing or 3D printing of high-value parts in the defense, space, aerospace, and medical industries, and specialty powder production will be the core of Amaero's business. With a singular focus on producing high-value specialty powders, with the technical and operating team's pioneering experience, and with the industry-leading technology, Amaero is positioned to be the leading U.S. domestic manufacturer of high-value and specialty powders, and with the largest capacity and the most responsive production. Given the high melting temperature of refractory elements such as niobium, zirconium, moly, and tungsten, only the electrode induction gas atomizer, or EIGA technology, is capable of qualification and production at scale. Amaero has the only EIGA system to be commissioned in the United States, expects to commission a second EIGA system by the end of the fiscal year, and plans to order a third EIGA system. We're building a capability and capacity that will have enduring competitive advantage in a highly strategic area of advanced materials. Given the inadequate production capacity for large castings and forgings, PM HIP manufacturing of near-net shaped parts is equally strategic, and akin to Amaero's competitive positioning for powder production, Amaero's team brings decades of pioneering experience to PM HIP, and the competitive landscape is limited. For PM HIP, there are a combination of research, development, testing, and evaluation, or RD&T and E, T&E opportunities, as well as sustainment production opportunities. Likewise, there are MRO needs, and there are new program and recurring needs, and finally, there are strong demand signals from the submarine industrial base, and there are strong demand signals from industrial sectors such as oil and gas. As mentioned above, Amaero has been very intentional to stand up and scale capabilities that address critical vulnerabilities in the supply chain and that deliver attractive unit economics. Given the high temperature properties of C-103 and refractory alloys, the materials are used for thermal protection and for propulsion systems in defense and space components. Prior to Amaero, there was a sole U.S. domestic supplier that had qualified C-103. With the accelerated adoption of metal 3D printing and with high-performance material properties increasingly needed to go faster, i.e., hypersonic platforms, to go deeper in space, i.e., hotter burning propulsion systems, and to operate in more extreme conditions, i.e., nuclear reactor systems, U.S. domestic production of refractory alloy powders is highly strategic. As for metal additive manufacturing of high-value components, Castheon and CAM combine for leading market share position amongst tier one suppliers. As previously announced, Amaero recently completed qualification of C-103 powder to Castheon's specifications and has commenced a five-year preferred supplier agreement with ADDMAN and its subsidiaries, Castheon and CAM. In addition to the preferred supplier agreement, Castheon has signed an offtake agreement for 2.25 tons of C-103 powder, and it's expected that the offtake obligation will be shipped in calendar year 2025. The other important gap in the supply chain is PM HIP manufacturing of near-net shape parts as a viable substitute for large castings and forgings. Amaero's team, including Eric Bono, Dr. Dave Schmidt, Fred Yelton, and Dr. Rain Iran Aman, bring decades of pioneering experience in numerical modeling and powder metallurgy that are essential to achieving cast and forge-like properties for near-net shape parts. It was a very busy fiscal 2024, with all milestones achieved ahead of schedule. Amaero announced its relocation to Tennessee not much more than one year ago, in July 2023. The selection of Tennessee was driven by a number of factors that included securing a 15-year lease on a newly built, high-volume manufacturing building that eliminated the need for a custom-built suite facility and resulted in estimated savings of approximately AUD 37 million in CapEx and working capital. In addition to ongoing tax abatement and various credits, Amaero received cash incentive commitments in excess of AUD 1 million from the state of Tennessee, Bradley County, and Tennessee Valley Authority. And importantly, Amaero received a subsidized ten-year contract for electricity at approximately $0.058 per kilowatt hour. With relocation to the United States, we quickly assembled a pioneering technical team in specialty alloy powder production that included, as mentioned, Eric Bono, Fred Yelton, and Dr. Dave Schmidt. And given the demand pull from U.S. government-funded laboratories, tier one suppliers, and prime contractors, Amaero announced that we would prioritize C-103 refractory and specialty alloy powder production. In November of last year, Pegasus led a third capital raise. Shortly thereafter, Amaero announced it had ordered a second atomizer. In January, Fairmont Consulting Group completed a comprehensive market study that focused on the demand signal for C-103 spherical powder. The study estimated that demand in FY 2028 would equal 105 tons, and that the anticipated growth reflected a five-year CAGR, or compounded annual growth rate, of 62%. The specialty market has volume that's unlikely to attract large-scale competition, yet the price of C-103 powder is approximately 20 times higher than titanium powder, which is 5 times higher than stainless steel. In late March, we began a six-month period that included numerous transformative milestones. These included announcing an offtake and preferred supplier agreement, coupled with a $20 million institutional capital raise. Early June, Amaero announced the first atomizer had been commissioned ahead of schedule. In July, we announced that Lieutenant General H.R. McMaster, former National Security Advisor to President Trump, had joined Amaero as Special Advisor. Then in early September, we announced we'd achieved qualification of C-103 to Castheon's specifications, again ahead of schedule. With qualification, Amaero also disclosed that ADDMAN and all its subsidiaries, including Castheon and CAM, were counterparty to the offtake agreement and a five-year preferred supplier agreement. This followed shortly thereafter with an upsized AUD 25 million institutional capital raise. Finally, in the recently lodged quarterly activity report, Amaero announced its first quarter with material revenue and the receipt of approximately AUD 800,000 of government grant funding. The reported revenues exceeded $1 million and reflected approximately $600,000 from powder sales and $450,000 from PM HIP manufacturing. The quarterly report also highlighted recent awards that totaled $1.1 million to support the submarine industrial base, an indication that Amaero expects to receive additional contracts supporting the submarine industrial base. All in all, it was a productive year, and Amaero's position has shifted its focus from commissioning and qualification to commercialization efforts in calendar year two thousand and twenty-five. We provided prior guidance that Amaero expects to begin scaling revenue in the back half of FY twenty-five and expects an EBITDA loss in line with FY twenty-four. The company also guided it expects to accelerate revenue scaling in FY twenty-six and to achieve EBITDA breakeven. As we close out the calendar year two thousand and twenty-four, the team is focused on concluding final production, chemistry, and atomization/post-processing for C-103 and Ti-6-4. We expect to commence commercial sales, including the offtake obligation of ADDMAN, in the back half of the fiscal year. Additionally, we have commenced providing powder samples to prospective customers, and we expect to secure other multiyear preferred supplier agreements.... We also expect to build on our collaboration with the U.S. government-funded laboratories to support the atomization of development alloys and to support the urgent priority to advance various programs from RDT&E to production. As for PM HIP manufacturing, Amaero's differentiated market position, coupled with strong demand for viable alternatives to large castings and forgings, has resulted in stronger than expected demand signal. Amaero is engaged in numerous RDT&E projects that leverage the team's experience in numerical modeling, powder metallurgy, and PM HIP manufacturing of near net shape parts. We're also engaged in discussions with the submarine industrial base and with oil and gas industry for serial production parts. Given the strong secular growth for specialty alloy powders and for PM HIP manufacturing, given the specialty nature of the products, given Amaero's singular focus, we expect strong year-over-year revenue growth over the next five-plus years and expect to achieve attractive unit economics. H.R. McMaster and myself recently had productive meetings on Capitol Hill. Though given my impatient nature, I feel there should be a greater sense of urgency and more aggressive call to action, akin to the Arsenal of Democracy effort supporting World War II. That said, there is resolute and bipartisan commitment to reshore industrial production and supply chain capabilities. There is a recognition that the threat to national security is imminent and a worry that parallels General Marshall's axiom: "When we had time, we had no money, and when we had money, we ran out of time." The U.S. Senate's proposed FY 2025 Defense Appropriations Act increases spending by $27.2 billion over fiscal year 2024, and the budget has significant increases in appropriations focused on reshoring industrial-based capabilities. White House and congressional initiatives have included the Inflation Reduction Act, or IRA, and the CHIPS Act, as well as programs created by executive order, such as the Make More in America initiative at Ex-Im Bank. Congress has appropriated increased funding for Defense Production Act, Title III, for defense programs, including the Industrial Base Analysis and Sustainment, or IBAS, the Office of Strategic Capital, and the National Security Innovation Capital. Last week alone, the federal government licensed the first cohort of investors under the public-private partnership, Small Business Investment Company Critical Tech Initiative. It's expected to inject $2.8 billion into small businesses that are deemed critical to industrial production and the supply chain. The Small Business Administration will match private investments two to one to encourage funding directly to small businesses that can enhance the resiliency and scalability of the U.S. industrial base. The continuum of innovative programs that include outright grants, equity investments, and subsidized debt reaffirms the national policy priority to reshore critical industrial base capabilities. We have been engaged with the U.S. government parties for a year, and we're confident that Amaero will secure government-subsidized support in FY 2025. As it relates to Amaero's manufacturing and corporate headquarters facility near Chattanooga, Tennessee, we have completed improvements for the first atomizer and the post-processing area. We remain on target to place a purchase order, excuse me, for the third atomizer near calendar year-end. The second atomizer is currently being assembled in Germany and is on schedule to ship in March and be commissioned by the end of the fiscal year. Given the strong demand signal for PM HIP, we are redesigning and enlarging the production area and the ancillary equipment to support higher throughput production. We remain on schedule for substantial completion of the facility by fiscal year-end. As I have stated many times, we are committed to build a business with enduring value. We are committed to build long-term shareholder value for long-term shareholders. Before we proceed with the formal business of the meeting, I'd be happy to take any questions relating to my remarks. Thanks. There are no questions online, but I'll invite any shareholders present in the room to ask any questions. No questions in the room, Hank. Great. Thank you very much. We now move to the formal business as set out in the notice of the meeting. The notice of the annual general meeting was mailed to all registered members on or about twenty-seven September two thousand and twenty-four and is to be taken as read. Voting on all resolutions will be conducted by poll. For the purposes of the poll, I appoint Samantha Sundaraj of Automic Group, the company's share registry, who has examined and prepared summaries of the proxy forms received, to act as returning officer and to conduct the poll. Shareholders in attendance virtually that have already submitted a vote by proxy should note that your votes will already be counted towards the poll. You do not need to lodge another vote unless you wish to change your proxy instruction. Shareholders in attendance virtually that have not submitted a vote by proxy and wish to vote on the resolutions being put to the meeting today, can do so by registering your shareholding with Automic. Instructions on how to register your holding were placed in the notice of meeting and can also be seen on the screen. Please note that online voting is now open and will remain open until the poll is declared closed. Your votes must be submitted prior to the poll being closed for them to count. Those shareholders in attendance in person that are entitled to vote on the poll are all shareholders, representatives, and attorneys of shareholders, and proxy holders who hold voting cards. If you are attending in more than one of those capacities, you will have been issued with as many voting cards as you have separate capacities. If anyone believes they are entitled to vote on this poll in any capacity and does not have a voting card in respect thereof, please raise your hand now, and a member of our share registry team will assist you. At the appropriate time, I will ask that you mark your vote for the resolution on the voting card. If you are a shareholder and wish to cast all your votes for a resolution, please simply mark in either the "for," "against," or "abstain" box next to that resolution. If you wish to split your votes, please write the number or portion of votes you wish to cast in the corresponding "for," "against," or "abstain" boxes. Please note that the sum of the split votes must not exceed your total holding. If you're a proxy holder, a summary of the votes to which you're entitled has been attached to the voting card. If the summary of the votes includes discretionary votes, that are yours to cast at your discretion. If you wish to cast the discretionary votes, please mark in the corresponding "for," "against," or "abstain" boxes. If your summary of votes does not have any discretionary votes, you do not need to mark your voting card and simply need to hand it to the returning officer at the end of the resolutions. After all resolutions have been read and voted upon, please place it in one of the ballot boxes that will be circulated in the room. Are there any questions in relation to the voting process? There are no questions online and no questions in the room, Hank. Thank you. Proxies have been inspected, and all those validly lodged have been accepted. All undirected proxies or open votes that have nominated the chairman of the meeting as their proxy will be cast in favor of each resolution in the notice of the annual general meeting. We will now proceed to the resolution set out in the notice. The first item of business is to receive and consider the company's annual financial report, together with the directors' and auditors' reports for the period ending thirty June two thousand twenty-four. The financial report and the reports of the directors and the auditors are now laid before the meeting. There will be no vote on this item, and it's a discussion item only. The company's auditors for the 2024 year, Deepak Kesavan from RSM Australia, is present to take questions relevant to the conduct of the audit and the preparation and content of the independent auditors' report. Are there any questions or comments on the financial report or the reports of the directors and auditors? No questions online and no questions in the room. Thank you. Are there any questions or comments on the management of the company? None online, Hank, and none in the room. Thank you. Are there any questions relevant to the conduct of the audit and the preparation and content of the auditors' report to be put to the auditor? No questions online or in the room. Thank you. We will now proceed to the resolution set out in the notice of the annual general meeting. Resolution one, adoption of the Remuneration Report. The first resolution to be voted on today relates to the adoption of the two thousand twenty-four Remuneration Report. If you wish to discuss this resolution, please raise your hand, or if attending virtually, submit your question via the Q&A. No questions online or in the room, Hank. Thank you. The proxies received in relation to this resolution are on the screen. I now put the motion. Those physically in attendance, please mark your voting instruction on your voting card. Those attending virtually can vote via online portal, however, are reminded not to click on Next until you have selected your vote for all resolutions. Resolutions two to six to be voted on today relate to the re-election of directors. As detailed in the notice of meeting, all non-executive directors, other than Lucy Robb Wujek, are standing for re-election. Resolution two relates to the re-election of Eric Levy as a director. Resolution three relates to the re-election of Robert Latta as a director. Resolution four relates to the re-election of Eric Bono as a director. Resolution five relates to the re-election of Jamie Levy as a director. Resolution six relates to the re-election of Omer Granot as a director. If you wish to discuss any of the above resolutions, please raise your hand, or if attending virtually, submit your question via the Q&A. No questions online or in the room, Hank. Thank you. The proxies received in relation to resolutions two to six are shown on the screen. I now put the motion. Those physically in attendance, please mark your voting instruction on your voting card. Those attending virtually can vote via the online portal. Our seventh resolution to be voted on today relates to the election of Alistair Cray as a director. If you wish to discuss this resolution, please raise your hand, or if attending virtually, submit your question via the Q&A. No questions online or in the room, Hank. Thank you. The proxies received in relation to this resolution are on the screen. I now put the motion. Those physically in attendance, please mark your voting instruction on your voting card. Those attending virtually can vote via the online portal. Our eighth resolution to be voted on today relates to the approval of 10% placement capacity. If you wish to discuss this resolution, please raise your hand, or if attending virtually, submit your questions via the Q&A. No questions online or in the room, Hank. Thank you. The proxies received in relation to this resolution are on the screen. I now put the motion. Those physically in attendance, please mark your voting instruction on your voting card. Those attending virtually can vote via the online portal. The ninth resolution to be voted on today relates to the ratification of the prior placement of shares under Listing Rule 7.1. If you wish to discuss the resolution, please raise your hand, or if attending virtually, submit your questions via Q&A. Oops, excuse me, just dropped the mouse there. No questions online or in the room, Hank. Apologies. Thank you. We are on the tenth resolution? Thank you. The tenth resolution to be voted on today relates to the ratification of the prior issue of options to Curran & Co. Under Listing Rule 7.1. If you wish to discuss the resolution, please raise your hand, or if attending virtually, submit your questions via the Q&A. No questions online or in the room. Thank you. The proxies received in relation to this resolution are on the screen. I now put the motion. Those physically in attendance, please mark your voting instruction on your voting card. Those attending virtually can vote via the online portal. Our eleventh resolution to be voted on today relates to the ratification of the prior issue of replacements under Listing Rule 7.1 A. If you wish to discuss this resolution, please raise your hand, or if attending virtually, submit your question via the Q&A. No questions online or in person, Hank. Thank you. The proxies received in relation to this resolution are on the screen. I now put the motion. Those physically in attendance, please mark your voting instruction on your voting card. Those attending virtually can vote via the online portal. The twelfth resolution to be voted on today relates to the ratification of prior issue of options to Jane Morgan Management under Listing Rule seven point one. If you wish to discuss this resolution, please raise your hand, or if attending virtually, submit your questions via Q&A. No questions online or in person, Hank. Thank you. The proxies received in relation to this resolution are on the screen. I now put the motion. Those physically in attendance, please mark your voting instruction on your voting card. Those attending virtually can vote via the online portal. The thirteenth resolution to be voted on today relates to the ratification of prior issue of options to H.R. McMaster under Listing Rule seven point one. If you wish to discuss this resolution, please raise your hand, or if attending virtually, submit your question via Q&A. No questions online or in person, Hank. Thank you. The proxies received in relation to this resolution are on the screen. I now put the motion. Those physically in attendance, please mark your voting instruction on your voting card. Those attending virtually can vote via the online portal. As the next resolution relates to myself, I hand the chair to Lucy Robb Wujek. The fourteenth resolution to be voted on today relates to the grant of options to Mr. Hank Holland. If you wish to discuss this resolution, please raise your hand, or if attending virtually, submit your questions via the Q&A. No questions online or in the room, Lucy. Thank you. The proxies received in relation to this resolution are on the screen. I now put the motion. Those attending physically, please mark your voting instruction on your voting card. Those attending virtually can vote online via the online portal. I now hand the chair back to Hank. Thank you, Lucy. The resolutions fifteen to twenty to be voted on today relate to the grant of options to directors. Resolution fifteen relates to the grant of options to Omer Granot. Resolution sixteen relates to the grant of options to Eric Levy. Resolution seventeen relates to the grant of options to Robert Latta. Resolution eighteen relates to the grant of options to Eric Bono. Resolution nineteen relates to the grant of options to Jamie Levy. Resolution twenty relates to the grant of options to Alistair Cray. If you wish to discuss these resolutions, please raise your hand, or if attending virtually, submit your questions via Q&A. No questions online or in person, Hank. Thank you. The proxies received in relation to resolutions 15 to 25 are shown on the screen. I now put the motion. Those physically in attendance, please mark your voting instruction on your voting card. Those attending virtually can vote via the online portal. The 21st resolution to be voted on today relates to the ratification of prior issues of tranche placement shares under Listing Rule 7.1. If you wish to discuss this resolution, please raise your hand, or if attending virtually, submit your questions via the Q&A. No questions online or in person, Hank. Thank you. The proxies received in relation to this resolution are on the screen. I now put the motion. Those physically in attendance, please mark your voting instruction on your voting card. Those attending virtually can vote via the online portal. The twenty-second resolution to be voted on today relates to the ratification of prior issue of tranche 1 placement shares under Listing Rule 7.1A. If you wish to discuss this resolution, please raise your hand, or if attending virtually, submit your question via the Q&A. No questions online or in person, Hank. Thank you. The proxies received in relation to this resolution are on the screen. I now put the motion. Those physically in attendance, please mark your voting instruction on your voting card. Those attending virtually can vote via the online portal. The 23rd and final resolution to be voted on today relates to the approval to issue Tranche 2 placement shares pursuant to ASX Listing Rule 7.1. If you wish to discuss this resolution, please raise your hand, or if attending virtually, submit your question via the Q&A. There are no questions online or in person, Hank. Thank you. The proxies received in relation to this resolution are on the screen. I now put the motion. Those physically in attendance, please mark your voting instruction on your voting card. Those attending virtually can vote via the online portal. That concludes the resolutions to be voted on today. As noted, we're conducting a poll on all resolutions, and I note that the poll is already open and still open. Can all shareholders voting online please now ensure that they have submitted their votes? I will allow another minute before the poll is closed. If you have any questions in relation to the submission of online votes, please send them through the Q&A function now. For those shareholders attending physically, I now invite Samantha from Automic to collect your voting cards. I'll let you know, Hank, once all voting cards are collected in the room. I'm sorry, Roy, you confirmed all cards have been collected? No, I was just saying I'll let you know once all are collected. Okay. Thank you. Two minutes, please. Thank you. Okay, Hank. Okay, Hank, sorry, all cards are collected in the room. Great. Thank you very much. There being no further questions, I declare the poll closed. The staff of Automic will now process the poll, and the results will be announced to ASX once they are available. Are there any other business that can be lawfully brought forward? Nothing online, Hank, and nothing in the room. Great. That concludes the formal part of the business. Are there any further questions? Nothing on... Oh, sorry. One in the room, Hank. Please say your name and speak into the microphone. Thank you. Sorry, Glenn Fitzpatrick. Nice to talk to you, Hank. Just a question about further capital raises. Would there be any possibility of retail investors getting a go at it? Yeah, thank you for the question, and it's an important question. To back up a bit, when we did the capital raise, which was our first institutional capital raise in March, part of the decision that went in this, and as you might recall, the prior capital raises. Actually, go back even further. So May of two thousand and twenty-two, when Pegasus first invested, and then December of two thousand and two, we purposely did a renounceable right offering to all shareholders. And then we followed that with another capital raise in December of 2023. And then finally, the first institutional raise, which was in May of 2024. Pegasus did not participate in the May 2024 issue, and it was anchored and largely committed to a small number of institutional funds. At the very same time, we're mindful, Amaero has been fortunate in that we've received very strong and loyal support from a number of shareholders, and I'm gratified to say that of our top 50 shareholders, I believe we have 11 nominee accounts, which leaves 39. Of those 39, I probably personally know 30 of the shareholders, most of whom are retail shareholders, and again, have been very supportive. And so we think about this extensively. We announced in March it was unlikely that we would have another capital raise in Australia, and the rationale that we provided was it's important, given that we expect to receive U.S. government funding and other conditions put upon us with contracts in the U.S., that we maintain at least a 50% plus U.S. shareholder ownership. At the very same time, after the March raise, we learned that Fidelity International, who led the raise, given they're a wholly-owned subsidiary of a U.S. private company, counted as a U.S. shareholder, and thus that gave us the room to do the next capital raise, also with funds in Australia. Now, to your question. We did not include, as you know, individual retail investors in that raise. There were some retail investors that reached out to us once we made the ASX announcement, and we made every effort that is, to accommodate those shareholders. The last two raises did not include attached options, and moreover, as you may be aware, the stock price has recently traded at or below the recent share price. I do not know if we will do another capital raise in Australia, and I do not know if another capital raise will be available to retail investors. What I would say is we're mindful of that retail support. We think about that as far as long-term listing, albeit we are a US company today. Again, we want to be very mindful of that Australian support. I also would kindly encourage those shareholders that haven't had a chance to participate, particularly given the share price where it is today, to the extent there's still capacity, we would encourage you to build a position. Certainly, we would hope, there's no assurance, but certainly we'd hope, given the milestones in front of us, that not unlike last year, after the end of the fiscal year, we began to rerate. We would hope that would be the case going into next year as well. Does that answer the question? ... Yes, Hank, thank you. Are there any other questions? Thank you, and thank you for being there. One more question from the same person, please, Hank. One more question, Hank, from Glenn Fitzpatrick again. After your explanation there, is there any thought of the company re-domiciling, becoming a U.S. company? Yeah, it's a very good question. Today we have one administrative employee in Australia. We have no business to speak of in Australia. Our shareholder base today is greater than 50% US. All of our operations are in the US, our facility is in the US, and the great preponderance of our employees are in the US. Obviously, the US has a deep capital market, and I have shared on prior calls that we have received unsolicited inbound interest from a number of investment banks and parties, expressing that there would be support of a listing in the US. The board discusses all these things as they are brought to us. We have no imminent plans to list in the US, and our plans at the time, to the extent we ever were to consider that, would be to maintain a listing in Australia. But again, to be determined as the board considers these things over time. I just want to emphasize. The board is keenly aware of the support that we've received from retail and other investors in Australia, and that will be an important part of the consideration, and by the way, I believe you have my email, otherwise, it's actually on the screen here. I always welcome a conversation with shareholders. Obviously, I can only share information which has been made materially, or it's been made public to other shareholders, but I would invite you and other shareholders as well to feel free to reach out at any time. Any other questions? One more. Like, just Glenn again. Sorry to hound you about this, but, No ... we don't not much chance of re-domiciling next year, like, for AGM in, Nashville or anything like that? As in re-domiciling the business from Australia to the U.S.? Yeah. That's the question, correct? Just as I spoke before, you know, there's virtually no link here except shareholder. Yes ... base. Correct. Um- Sorry to butt in, although I appreciate it, all. I'm sure the people here do. It's with the meeting here, and that. I'd hate to, you know, we're wasting hard-fought money that can be spent better used else. I would simply follow what I said before by, you know, first of all, is it possible that we would re-list or re-domicile in the U.S. prior to the AGM of next year? Anything is possible. Do I think it's likely? I don't necessarily think it's likely we would re-domicile in the U.S. before the AGM of next year. Clearly, the board has a fiduciary duty to continue to look at anything that we can do to increase shareholder value, and anything that we can do to better support our customers, which are predominantly in the U.S., and as I said, there is very strong support in the U.S. for businesses such as Amaero that contribute to the vibrancy, the resiliency, and the scalability of the industrial supply chain, so it is something I expect that we would consider over time. I would not say it is something that likely we would do prior to the AGM next year. Thank you, Hank. Yes. Are there any last questions in the room from anyone? No further questions in the room, Hank, and there are no further questions online. Great. Jamie and Lucy, thank you for being in attendance. Lucy, thank you again so much for all your efforts on behalf of Amaero. Other fellow board members online, thank you for joining. I'd like to thank all shareholders for their attendance and declare the meeting closed. The results of the poll will be announced to the ASX once they are available. Thank you very much.