Shaw and Partners is pleased to be appointed as Lead Manager and Bookrunner to a capital raising by Titomic Limited (ASX.TTT).

Titomic is raising up to approximately A$30.0 million via an institutional placement comprising: an unconditional placement of approximately $17.2 million through the issuance 143.2 million new fully paid ordinary shares (“New Shares”) under the Company’s existing placement capacity in accordance with ASX Listing Rule 7.1 and 7.1A (“Tranche 1”); and a conditional placement of approximately $12.8 million through the issuance of 106.8 million New Shares subject to Shareholder Approval at Titomic’s Annual General Meeting expected to be held on or around 29 November 2024 (“Tranche 2”) (together the “Placement” or the “Offer”)

The Offer will be set at an Offer Price of A$0.12 per new share and will result in the issuance of up to approximately 250.0 million new fully paid ordinary shares in the Issuer.

New securities issued under the Offer will be issued at $0.12 per share. The Offer Price reflects a: 11.1% discount to the last traded price on 11 October 2024 of A$0.135; a 8.7% discount to 5-day VWAP of $0.1315 and a 5.4% discount to 10-day VWAP of $0.1268.

Proceeds will be used to fund the establishment of operational headquarters and manufacturing facilities in Huntsville, Alabama, capital equipment and process optimisation and general working capital.

Titomic specialises in large integrated solutions for industrial-scale metal additive manufacturing, using its patented cold spray additive manufacturing (Cold Spray AM) technology. Titomic provides Cold Spray AM solutions, OEM production and R&D services to the global Aerospace, Defence, Shipbuilding, Oil & Gas, Mining and Automotive industries. Titomic also offers global sales and support for all of its Cold Spray AM activities globally. Titomic delivers competitive advantages in metal additive manufacturing at every stage in the product value chain.

The offer is available to Australian Sophisticated and Professional Investors only.

This offer is available to Wholesale investors only (as that term is defined in the Corporations Act). Shaw and Partners Limited acted as Lead Manager for Titomic Limited in relation to the offer and received fees for that service.