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Public offering grosses $Cdn11.5mm for Titan Medical

Executive Summary

Titan Medical Inc. grossed $Cdn11.5mm ($8.6mm) through a public sale of 19.1mm common shares (including partial exercise of the overallotment) at $Cdn0.60. Investors also received five-year warrants to buy 17.1mm shares at $Cdn0.75. Bloom Burton and Echelon Wealth Partners were the placement agents. Proceeds will support continued development of components associated with Titan's SPORT robotic surgical system.
Deal Industry
  • Medical Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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