Titan Medical Inc (TMDIF)

[longtermgems]

Not anytime soon. $25M in cash up front. $42M in stock over two year time frame. And the other $33M in future milestones, including: €25M in quarterly sales of ALF-X system.

They now have ~$50M in cash after the upfront cash payment, a $30M credit line with Silicon Valley bank/Oxford, and $18M left in ATM stock offering.

So if they need to raise any money, ATM offering will be likely source of dilution.

The share part of the deal is locked up and SOFaR can't sell it for 1-2 years, so none of that will act as pressure for stock until that lock up period is over and if they actually decide to sell.