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Not married to this...trading it
$TTNP BOOM!!
Titan Pharmaceuticals Receives $5.9 Million From Exercise Of Warrants
7 minutes ago, 9:00 AM EST
Via PR Newswire
Stocks mentioned: TTNP
SOUTH SAN FRANCISCO, Calif., March 5, 2020 /PRNewswire/ -- Titan Pharmaceuticals, Inc. (NASDAQ:TTNP) today announced that, since January 1, 2020, it has received proceeds of approximately $5.9 million as a result of the exercise of approximately 26.2 million previously issued Class B common share purchase warrants (the "Class B Warrants").
The Class B Warrants were issued in connection with the Company's public offering completed in October 2019. The Class B Warrants have an exercise price of $0.225 and are set to expire in October 2024. Approximately 14.1 Class B Warrants remain outstanding.
Sunil Bhonsle, Titan's President and CEO, commented, "We have been very pleased to see this level of warrant exercises and believe that the proceeds received year-to-date will extend our cash runway into the fourth quarter as we continue to drive our commercial activities."
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The Class B Warrants and underlying common stock are registered on Form S-1 (File No. 333-233722) on file with the U.S. Securities and Exchange Commission ("SEC"). The registration statement was declared effective by the SEC on October 16, 2019. The registration statement is available on the SEC's web site at http://www.sec.gov.
About Titan Pharmaceuticals
Titan Pharmaceuticals, Inc. (NASDAQ:TTNP), based in South San Francisco, CA, is a commercial stage company developing proprietary therapeutics with its ProNeura® long-term, continuous drug delivery technology. The company's lead product is Probuphine® (buprenorphine) implant, a novel and long-acting formulation of buprenorphine for the long-term maintenance treatment of opioid dependence. Approved by the U.S. Food and Drug Administration in May 2016, Probuphine is the first and only commercialized treatment of opioid dependence to provide continuous, around-the-clock blood levels of buprenorphine for six months following a single procedure. The ProNeura technology also has the potential to be used in developing products for treating other chronic conditions such as Parkinson's disease and hypothyroidism, where maintaining consistent, around-the-clock blood levels of medication may benefit the patient and improve medical outcomes. For more information about Titan, please visit www.titanpharm.com.
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our product development programs and any other statements that are not historical facts. Such statements involve risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from management's current expectations include those risks and uncertainties relating to the commercialization of Probuphine; the regulatory approval process; Titan's ability to access capital; the development, testing, production and marketing of our drug candidates; patent and intellectual property matters; and strategic agreements and relationships. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.
CONTACTS:
Sunil Bhonsle
President & CEO
(650) 244-4990
Stephen Kilmer
Investor Relations
(650) 989-2215
[email protected]
SOURCE Titan Pharmaceuticals, Inc.
Related Links
http://www.titanpharm.com
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these HUGE buys are telling me something different..I'm riding on free shares so guess we all wait and see..but my bet is something is going on that most don't know but it's obvious some do..imo
anyone else seen that 86k on bid? $TTNP
thx bye! bye! now!
NO R/S boom!!
ICTY 1/2..Ready to go!!
See y'all in a few months..have fun kids!!!..(????)$$$$
formally INOH imo
INOH>>>>>???? STAND BY!!!
QUOTE:"there is NOTHING here"..I disagree $INOH=new>>>????)
you're done right?..there is no more WE
waiting for your 1.5m @ .005 to show up
We have a"nice" board here..we'll ALL be rewarded in the near future imo
$INOH$ or whatever the new ticker will be
It'll happen..stand by
$INOH$
Yes yes yes Goldberg is done..WE ALL KNOW FOR CS...looking forward to see who takes possible custodian of $INOH$..see u all around JUNE '20..or sooner :)
I have 500k to sell but I'm waiting for .004 :)
Reversal coming $FTXP
Weeeee ALL NEW INOH coming!!
Great post!!
Just checked the farm, Mangoes are almost ripe..did someone say name change?...$INOH
$INOH$$...PAST IS THE PAST!!
rumor of custodian might happen imo
2020 all New Year!!
HAPPY NEW YEAR!!!
$$INOH$$
possible new Custodian,possibly New CEO,possible New name change,possibly all new company..all New Year,anything's possible!!
Goldies gone no one cares about him anymore..buttttttt?
$INOH for the win 2020
Happy New Year to all here..may 2020 bring much prosperity,health and much WEALTH$$ to all here at $INOH$(and to possibly the new custodian)
Mango season was incredible,another BIG crop coming STAND BY!!..Goldies gone----new custodian possibly in the works,rumor has it..imo
$INOH$ Happiest of Holidays to all,JM and crew
NEVER know imo..we shall see
$INOH
Custodian possible rumors imo
$INOH
$GCEI BOOM!!!
Happy "Turkey" Day Tacky!!..
$GCEI
$GCEI if you have anymore "scams" like this 1 please lmk $GCEI
$UNRG
$weeeet$$$$$
$UNRG TIC TOC!!!..
should be a good week $ UNRG
Motion to terminate Custodianship for $UNRG filed and hearing is scheduled for 12/6/19. Should see a lot of exciting developments from Rigworx here in the coming weeks!
#Stocks #OTC #oilandgas
Goldies gone..I think we can all move on from that now..
Big possibility INOH can be a custodian play imo
$INOH
Never know!!..custodianships are hot right now $INOH
The gangs coming back!!..looks like we're gonna start a move up now
$UNRG
Motion to terminate Custodianship for $UNRG filed and hearing is scheduled for 12/6/19. Should see a lot of exciting developments from Rigworx here in the coming weeks!
#Stocks #OTC #oilandgas