Titomic Enters Scheme to Redomicile to the United States

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Stock Titomic Ltd (TTT.ASX)
Release Time 13 May 2026, 9:04 a.m.
Price Sensitive Yes
 Titomic Enters Scheme to Redomicile to the United States
Key Points
  • Titomic to redomicile from Australia to the United States via a scheme of arrangement
  • Titomic shareholders to receive one share of Titomic, Inc. for every 25 Titomic Limited shares
  • Titomic to maintain ASX listing via CHESS depositary interests (CDIs)
Full Summary

Titomic Limited (ASX: TTT), a global advanced manufacturing company, has entered into a scheme implementation deed with Titomic, Inc. (a newly formed Delaware corporation) to pursue a redomiciliation of Titomic Limited and its subsidiaries from Australia to the United States. If the scheme becomes effective, all ordinary shares in Titomic Limited will be transferred to Titomic, Inc., which will become the new ultimate parent company and retain Titomic's listing on the ASX via CHESS depositary interests (CDIs). Titomic shareholders will receive a beneficial interest in one share of Titomic, Inc. for every 25 shares held in Titomic Limited. The scheme is subject to the approval of Titomic shareholders and certain regulatory approvals. The board unanimously recommends that Titomic shareholders vote in favor of the scheme, citing benefits such as enhanced participation in the U.S. defense business, access to a broader U.S. investor pool, and improved access to U.S. debt and equity capital markets.