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Tetratherix Limited (ASX:TTX)

ALERT: Price-sensitive ASX Announcement for TTX
Current share price for TTX : $7.550 0.74 (10.87%)+
Announcement
Release
28 May 2026 9:22AM
Price at Release
$6.810
Full Release
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Summary
Tetratherix Limited (ASX: TTX) has successfully secured $15 million through a strategic placement to sophisticated and professional investors, with the process being completed in two tranches. The Placement, conducted at $6 per share, offers a 2% discount on the 10-day VWAP. The funds from this Placement and an additional $2 million from a Share Purchase Plan (SPP) will facilitate the company's expansion in production, strategic partnerships, customer success, and operational digitalisation. The first tranche of shares is expected to settle on 3 June 2026, while the second tranche is pending shareholder approval. Joint Lead Managers for the Placement are Barrenjoey Markets Pty Limited and Morgans Corporate Limited. The capital raised will bolster Tetratherix's transition towards commercialization, emphasizing its Tetramatrix™ polymer platform.
Key Points
  • Successful $15 million placement to institutional investors
  • Two-tranche issue of new ordinary shares
  • 2% discount to 10-day VWAP at $6 per share
  • Additional $2 million via Share Purchase Plan (SPP)
  • Funds to support production expansion and strategic partnerships
  • Tranche 1 expected to settle on 3 June 2026
  • Tranche 2 subject to shareholder approval
  • Joint Lead Managers: Barrenjoey Markets and Morgans Corporate
  • Focus on operational digitalisation and customer success
  • Strengthening market presence through Tetramatrix™ platform
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.