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Titomic Ltd ( (AU:TTT) ) has shared an announcement.
Titomic Limited has successfully raised A$50 million through a non-underwritten placement to institutional and sophisticated investors, with an additional A$0.35 million conditional placement to its directors pending shareholder approval. The funds will be used to accelerate the company’s expansion and reinforce its global presence, supporting its growth strategy and initiatives across key markets.
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 Limited (ASX: TTT) is a leading American manufacturing company specializing in large integrated solutions for industrial-scale metal additive manufacturing, coating, and repairs using its patented kinetic fusion cold spray technology. The company provides OEM production and R&D services to global industries such as Aerospace, Defense, Shipbuilding, Oil & Gas, Mining, and Automotive. Titomic operates from its Huntsville, Alabama head office and maintains a presence in Australia and Europe.
Average Trading Volume: 2,248,343
Technical Sentiment Signal: Buy
Current Market Cap: A$344.7M
For an in-depth examination of TTT stock, go to TipRanks’ Overview page.