Titan Medical Inc (TMDIF)

[El Guapo Roboto]

I emailed Beverly Brooks earlier and I got this reply:

Thanks for your inquiry. Titan has indicated previously that $25 million
will be required to reach commercialization. Given the success that Titan
had on its previous equity offering, now seems like a good time to return to
the market. This is a way of taking the financial risk off the table.
Although all the warrants are "in the money" there is no guarantee that
investors will exercise them and even if they do exercise the warrants the
exact timing as to when this occurs is not known in advance.

Titan remains on track with respect to its milestones. Additional details
will be provided when Titan releases its quarterly results on May 21.

I hope that this helps.

Best regards,

Beverly Brooks