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Titomic Ltd ( (AU:TTT) ) has shared an announcement.
Titomic Ltd has announced a proposed institutional placement of new fully paid ordinary shares to sophisticated and professional investors. This move is aimed at raising capital to support the company’s growth and operational strategies. The placement is not underwritten and will be managed by a syndicate of bookrunners and joint lead managers. This strategic financial maneuver is expected to enhance Titomic’s market position and provide the necessary funds to drive innovation and secure future business opportunities.
The most recent analyst rating on (AU:TTT) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Titomic Ltd stock, see the AU:TTT Stock Forecast page.
More about Titomic Ltd
Titomic Ltd operates in the advanced manufacturing industry, focusing on the development and commercialization of innovative additive manufacturing technologies. The company specializes in cold spray technology, which is used to produce high-performance metal parts and coatings, catering to various sectors including aerospace, defense, and automotive.
Average Trading Volume: 2,022,896
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$442.5M
Learn more about TTT stock on TipRanks’ Stock Analysis page.