Titan Medical Inc (TMDIF)

[EIT]

Amended prospectus is now SEDAR.

Looks like they allocated a higher amount of the proceeds to the completion of the milestones for Q1 and 2 as compared to previous one. A little strange, since they did not raise the costs of Q1 and Q2, yet do allocate more money to it in terms of the proceeds from the offering in comparison to the previous prospectus.

In terms of the company being able to operate they extended it by two months, from 7.5 till 9.5 months, which takes us almost till the end of Q3, just not the finishing of the milestone of Q3.