Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Copy and pasted from the offering prospectus on page s14
Link to document below
18,000,000 Common Shares assuming no exercise of the Common Warrants issued in the Offering and the full exercise of the Pre-Funded Warrants issued in the Offering. The total Common Shares to be issued and outstanding after completion of the Offering will be 78,831,381.(1)
https://www.sec.gov/Archives/edgar/data/840551/000115752320000886/a52232457.htm
Schwab and Bloomberg show the float at:
78.83 million
Bloomberg was show 78.83 million prior to the filing you are referencing.
So were warrants exercised? Did the investor exercise all warrants in conjunction with the offering?
Common knowledge prefunded warrants are utilized prior to takeover events
When is the AGM? What will be on the ballot? Things that make you go HMMM.
Venus. Concepts.
Dominic Serafino is the ceo. He left Titan’s board of directors and took Zaring with him.
For a deep dive into restoration robotics platform for Medtronic IMO. Elective robotic hair transplant procedure. Likely also interested in the dermatology platform from Venus.
Your welcome. I appreciate your thoughtful and level headed posts. Keep up the good work.
Zaring salary was 250k. He also received 647722 in options.
His total comp in 2019 was 897722.
It’s in the annual report on Edgar. Page 38
Filed on 4-2-2020
This is where their office is:
https://quadranglechapelhill.com/
Yes they are being exercised and added to float. Just read today’s 6k filing.
Great post taco. Sport19 must be rolling in his grave ??
Ok man. Here it goes. They are raising 18m. They get it all upfront however the buyer doesn’t get their shares until they exercise all they have paid in full the 18m upfront. They are staying within guidelines by doing this.
It actually minimizes current dilution while giving TMDI maximum cash.
Win win.
To the moon and beyond!
Happy for all LONGS here. Been a long time coming. A bright future awaits!
Here we go!! Hallelujah!
I’ll add that Titan BOD member Dominic Serafino’s company Venus Concepts recently acquired Fred Molls other robotic company Restoration Robotics.
Very nice connections amongst our BOD members.
Oh that’s right. The book has been written. You wrote it right? Too funny.
Trixie buys for 100 million an outdated monstrosity of a space eating surgical robot that at the time lacked FDA approval not to mention articulating end effectors or even wristed end effectors. Next to 0 sales over its previous years of CE approval yet TMDI Market Cap is only 23 millionish. Yeah that makes a lot of sense.
At least they aren’t tax loss selling like everyone else lol.
I spoke with a couple surgeons they weren’t concerned about the scores. They said they were realistic for a new platform with respect to initial evaluations. Looking forward to seeing the engineering verification unit. I believe it will look very different than what we’ve seen. Based on CAD renderings from AGM I’m guessing it will be much much smaller. Would love to see it side by side to ISRG SP just for comparisons sake. McNally indicated during his last presentation the design will be revealed end of 2018. He sounded very sure of hitting this last milestone for 2018.
Masters capital has amassed 1 million shares in TMDI.
https://www.sec.gov/Archives/edgar/data/1104186/000110418618000007/xslForm13F_X01/t13f-0918.xml
Titan Medical Inc (OTC:TITXD) has 51 institutional investors and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 1,149,394 shares. Largest shareholders include Sio Capital Management, LLC, Perritt Capital Management Inc, Highbridge Capital Management Llc, Walleye Trading LLC, Walleye Trading Advisors, Llc, Morgan Stanley, Royal Bank Of Canada, Citadel Advisors Llc, Stony Point Wealth Management Inc., and Commonwealth Equity Services, Llc..
Titan Medical Inc (OTC:TITXD) ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. Major shareholders can include individual investors, mutual funds, hedge funds, or institutions. The Schedule 13D indicates that the investor holds more than 5% of the company and intends to actively pursue a change in business strategy. Schedule 13G indicates a passive investment of over 5%. Green rows indicate ne
Checked the data from Fintel against Edgar and so far it checks out.
More institutional investors may be published as I believe today is the deadline to report holdings for q3??
New institutional investors share counts published.
Highbridge Capital 1520000
Perritt capital. 250000
SIO Capital 445000
Walleye trading 58316
Walleye advisors 36729
Morgan Stanley 28591
Plus others source11/14/2018
https://fintel.io/soh/us/titxd/highbridge-capital-management-llc
Engineering verification is slated for end of 2018. Design freeze is Q2 2019.
Surgery at the cutting edge
Another company at the conference, Titan Medical Inc (NASDAQ:TMDI), is literally at the cutting edge of innovation in the field of surgery. It designs and manufactures robotic surgical systems.
A restructuring in 2017 brought CEO David McNally to the Toronto-based company, and after some key hires, he said it’s now on a fast-track to commercialization.
Titan Medical expects to have applications for its SPORT Surgical System submitted to the FDA and European regulators for a CE Mark in 2019, with a rollout in mid-2020.
While robotic surgery is nothing new, McNally told Proactive Investors that SPORT will not only be the most advanced but the most user-friendly robotic system for abdominal surgery on the market.
By concentrating on the abdominal area, the system will be able to support a wide range of minimally invasive surgeries, such as gynecological, urological and colorectal other procedures.
“Our system is designed to reduce trauma to the body while being easy to operate for the surgeon and the operating room staff,” McNally said.
The first goal, to reduce patient trauma, is achieved by making only a single incision. McNally said that numerous studies on live animals and human cadavers have shown positive results thus far.
“It’s a red-hot space and the problems covered by robotics are only beginning to be solved,” McNally said. “Market penetration is only 10% globally.”
The development-stage company has invested more than $140 million in the system, has about $30 million in cash on hand and no debt on its books.
Not much. Plexus does all the real work. Titan only has 9 employees.
TRXC and TMDI are apples and oranges. I hope for TRXC to be successful. They certainly have a much more challenging group of opponents. ISRG, CMR, Verb, Medtronic to name a few. The list goes on. If TRXC can have a little success against the giants of the industry then I like Titans chances versus 1 platform ISRG SP. In fact Titan will offer many advantages over SP and SP is still in its infancy.
The biggest risk to Titan is the acceptance of Single port. ISRG is making it easier for us with their launch and by the sounds of KOLs on twitter the market is excited about singleport.
Apples and oranges. They are really nothing alike. No need to hate on each other.
Interesting commentary.
https://www.linkedin.com/feed/update/urn:li:activity:6453266307545649152
Check the trades at 12:53:04 and what happened right after. MM games. 96/4
Probably. Someone wants to cover cheaper imo.
Not real imo. It’s been on the ask and off the ask all morning.
Public service announcement
All Ihubers please double your dose of Lithium until further notice. Thank you.
Go join the Peace Corp. protecting investors give us all a break man. FOS.
Our largest shareholder?? Owned by JPMorganChase. 9 bill in assets.
https://en.m.wikipedia.org/wiki/Highbridge_Capital_Management
Insider buy on aug 15 open market not offering.
https://www.thestockobserver.com/2018/08/17/bruce-gilles-wolff-purchases-5600-shares-of-titan-medical-inc-tmd-stock.html/amp?__twitter_impression=true
Smack my head. Lol means laugh out loud. GFY means good for you or Go xxxx yourself. Happy to help Posi :)
Very oversold. Gap up tomorrow.
https://stockcharts.com/h-sc/ui?s=tmdi
Look no further than Auris. Recently commercialized. Being rapidly adopted.
https://www.foxchase.org/news/2018-08-15-Monarch-Robotic-Bronchoscopy
Pre market 2.2