Case Study

Metal Powder Works (ASX: MPW)

PVL advised MPW on a reverse merger and capital strategy, resulting in a 15x share price uplift post-ASX relisting.

Reverse Merger Success with MPW

In March 2025, PVL Advisory acted as corporate advisor and investor for Metal Powder Works (ASX: MPW). We identified a suitable reverse merger target, facilitated the transaction with K-TIG (KTG.AX), and negotiated the merger agreement. PVL also advised on capital strategy and introduced Morgans Corporate as Lead Manager for the $10m raise, which was oversubscribed. Since relisting, MPW shares have traded up approximately 15x from the $0.20 issue price.