The public offering of TTMS was suspended on October 29, 2024.
Comment by Sebastian Sokołowski, CEO of Transition Technologies MS: – “We would like to thank all individual investors, and especially our employees, for their tremendous trust. Subscriptions in the individual tranche significantly exceeded the allocated part of the offering and surpassed the anticipated number of shares in this tranche by more than 2.5 times. We see this as a sign of confidence in TTMS and our strategy. Unfortunately, the recent decline in investor sentiment in the stock market resulted in unsatisfactory price levels in the offers submitted by institutional investors. We have decided to suspend the IPO process. However, this does not affect our strategy, which we intend to continue implementing with determination. We are focusing on another acquisition in the Western European market. We will monitor market conditions to reapproach the offering at an opportune time. Once again, we would like to extend our thanks to everyone who supported us in preparing the company for entry into the capital market.”