Titan Medical Inc (TMDIF)

[Element41]

Exercising of the warrants depends on "who" owns them. Are they just regular investors or strategic holders? If just regular, no need to exercise, just wait.
A "strategic" holder(s) on the other hand might prefer to inject the funds needed by the company now, instead of doing another PP at these levels. Strategic holder(s) might feel that the timing is such that a PP could be done a much higher price based on certain upcomming events, or not at all if management is in certain strategic talks with a non dilutive clause during blackout period. A wink-wink to the strategic holder(s) without giving details of any discussions is a possibility.
In a couple of days, if we see that warrants have some or all been exercised, that would be a strong possibility.