Titan Medical Inc (TMDIF)

[investinthefuture]

Clever.

So if you bought the offering at .90 with the 1.00 warrant, you're probably upset because the PPS is now .76. The underwriter created the over allotment to smooth this out. If you buy a unit of the over allotment on top of the earlier unit, you have two shares at .90, a third share for .25, and a potential fourth share for 1.00. The average price of these four shares is (you guessed it) .76