Innovaero Technologies Ltd (Ticker: INN AU) is an Australian aerospace and defense manufacturer specializing in uncrewed aerial systems, composite aerostructures and loitering munitions, including its OWL family of precision systems. The company plans to list on the Australian Securities Exchange on September 18, 2026. Innovaero is offering 80 million primary shares at A$0.50 per share, raising A$40 million (approximately $28 million). The offering implies a market capitalization of approximately $112 million. According to published information, IPO proceeds are intended to support a new Jandakot R&D and manufacturing facility, expand sovereign drone production capacity and advance development of the OWL munitions portfolio. The offering consists entirely of primary shares. Canaccord Genuity Australia Ltd and Euroz Hartleys Ltd are managing the IPO.