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Titan Medical Inc. (TSX: TMD, Nasdaq: TMDI) announced a final short form prospectus for an offering of 8,335,000 units at US$2.40 each, aiming for gross proceeds of US$20,004,000. Each unit includes one common share and half a warrant, with warrants exercisable at US$3.00 for 24 months. The offering is set to close around February 24, 2021, pending regulatory approvals. Proceeds will fund the development of robotic surgical technologies and for general working capital. Titan's Enos™ system focuses on single access surgery, initially targeting gynecological procedures.
Titan Medical Inc. (TMD, TMDI) has launched "Titan Living Labs," a media-rich section on its website that showcases the engineering and design stories behind its Enos robotic single access surgical system. CEO David McNally emphasized the initiative highlights the team's intellectual capital and innovative approaches to robotic surgery. The Enos system is developed with advanced 3D and 2D vision systems and ergonomic design, initially targeting gynecologic surgical applications. Titan retains global commercialization rights for its technologies licensed to Medtronic.
Titan Medical Inc. (TMD, TMDI) is set to release its fourth quarter and year-end financial results on February 22, 2021, before market opening. A management-led investor audio webcast will follow at 4:30 PM ET to discuss these results.
The company specializes in developing robotic surgical technologies, particularly the Enos™ system, which focuses on gynecologic surgical applications. Previously, certain technologies have been licensed to Medtronic, retaining commercialization rights for the Enos system.
Titan Medical, a medical device company focused on robotic single access surgery, has filed a preliminary prospectus for a bought deal offering of 8,335,000 units at $2.40 each, totaling gross proceeds of $20 million. Each unit includes one common share and half a warrant, exercisable at $3.00 within 24 months. The underwriter, Bloom Burton Securities, has a 15% overallotment option. Proceeds will support robotic surgical technology development and general working capital. The offering's close is anticipated around February 23, 2021, pending regulatory approvals.
Titan Medical Inc. (TMD, TMDI) has announced a revised agreement with Bloom Burton Securities to increase its bought deal offering. The Underwriter will purchase 8,335,000 units at $2.40 each, generating gross proceeds of $20,004,000. Each unit consists of one common share and a half warrant, exercisable at $3.00 for 24 months. An Over-Allotment Option allows for an additional 15% of units, potentially raising total proceeds to $23,004,600. The funds will support development of robotic surgical technologies and working capital. Closing is expected on February 23, 2021, subject to regulatory approvals.
Titan Medical has entered a bought deal agreement with Bloom Burton Securities to issue 6,250,000 units at $2.40 each, resulting in total gross proceeds of $15 million. Each unit comprises one common share and one-half warrant, with warrants exercisable at $3.00 for 24 months. The Underwriter holds a 15% over-allotment option. Proceeds will fund the development of robotic surgical technologies and general working capital. The offering is subject to regulatory approvals and is expected to close around February 23, 2021.
Titan Medical, trading as TMD on TSX and TMDI on Nasdaq, announced the successful closure of an offering of 6,451,613 Units for gross proceeds of approximately US $10 million. The underwriter, Bloom Burton Securities, exercised an over-allotment option, leading to additional proceeds totaling US $11.5 million. Each Unit consists of one common share and half a warrant, exercisable at US $2.00 until January 2026. Funds will support the development of robotic surgical technologies and general working capital.
Titan Medical Inc. (TMD, TMDI) has filed a final short form prospectus related to its offering of 6,451,613 units at US$1.55 per unit, aiming to raise US$10 million. Each unit comprises one common share and one-half warrant exercisable at US$2.00 for five years. The offering is underwritten by Bloom Burton Securities Inc. and is expected to close on January 26, 2021. Proceeds will advance robotic surgical technology development and general working capital. Related party transactions involve insiders purchasing 39,500 units for $61,225, relying on exemptions from formal valuation and approval requirements.
Titan Medical announced the filing of a preliminary short form prospectus to offer 6,451,613 units at US$1.55 per unit, aiming for gross proceeds of US$10,000,000. Each unit includes one common share and a half-share purchase warrant, exercisable at US$2.00 in five years. The offering's net proceeds will fund robotic surgical technology development and general working capital. A 15% overallotment option is available to the underwriter. Related party transactions involve insiders purchasing 39,500 units for $61,225.
Titan Medical Inc. (TSX: TMD, Nasdaq: TMDI) has announced a $10 million offering through a bought deal with Bloom Burton Securities. The company will issue 6,451,613 units at $1.55 each, with each unit comprising a common share and a warrant. The funds will support the development of its robotic surgical technologies and general working capital. The offering is set to close around January 29, 2021, pending regulatory approval. An over-allotment option allows the underwriter to purchase an additional 15% of units sold.
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