Australia's Titomic hits near two-year low on discounted placement
02/09/2026 03:41
BUZZ-Australia's Titomic hits near two-year low on discounted placement ** Shares of Australia's Titomic TTT.AX fall as much as 26.5% to A$0.125, their lowest since October 10, 2024
** Stock posts its worst intraday session since July 24, 2023
** Metal additive manufacturer undertakes A$16.5 million ($11.78 million) placement at an issue price of A$0.13 per share, a 23.5% discount to last closing price
** Proceeds to be used to strengthen capabilities and support further U.S. expansion - TTT
** In a separate announcement, Titomic says it has received U.S. orders exceeding A$750,000
** About 6 mln shares change hands, nearly 3.7x 30-day average
** TTT down 43.8% YTD
($1 = 1.4002 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
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