From AFR:
Melbourne metal manufacturing specialist Titomic Limited had PAC Partners rounding up investors for a $4 million placement on Tuesday to pay for working capital and joint venture costs.
The offer was priced at 16¢ a share, a 20 per cent discount to the last close and 18.1 per cent lower than the 15-day volume weighted average price. It included a one-for-two attaching option with 40¢ strike price and three-year expiry.
The placement was led by an existing strategic investor, who had committed to take $2.1 million minimum of the raise, according to the term sheet sent to potential investors.
Titomic sells manufacturing and technology solutions for metal additives, metal coatings and repairs to industries like defence, aerospace, oil and gas, mining and automotive industries.
The raise’s proceeds were for sales growth and expansion of machine assembly operations, investment to support join ventures and to expand capabilities for Titomic USA. Potential investors were told Titomic’s two previously announced joint ventures with Repkon and Neos International would help it expand in new sectors.
PAC was the sole lead manager and called for bids by 9pm Wednesday. Titomic was expected to have a $36.9 million market capitalisation after the raise.
- Forums
- ASX - By Stock
- Ann: Trading Halt
From AFR:Melbourne metal manufacturing specialist Titomic...
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TTT (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.9¢ |
Change
-0.001(1.67%) |
Mkt cap ! $59.62M |
Open | High | Low | Value | Volume |
6.0¢ | 6.0¢ | 5.9¢ | $51.94K | 866.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 386 | 6.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.4¢ | 24177 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 258260 | 0.058 |
2 | 150847 | 0.057 |
2 | 95022 | 0.056 |
1 | 154035 | 0.053 |
2 | 31312 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.064 | 24177 | 2 |
0.065 | 65784 | 1 |
0.066 | 109109 | 1 |
0.067 | 55000 | 1 |
0.069 | 316787 | 4 |
Last trade - 13.49pm 03/05/2024 (20 minute delay) ? |
|
|||||
Last
6.0¢ |
  |
Change
-0.001 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
6.0¢ | 6.1¢ | 5.9¢ | 551962 | ||
Last updated 15.59pm 03/05/2024 ? |
Featured News
TTT (ASX) Chart |