Titan Medical Inc (TMDIF)

[MIRA]

Titan Medical Inc. (NASDAQ: TMDI) is developing the SPORT™ Surgical System for use in minimally invasive surgery that was expected to be commercially available in 2019. The Company is withdrawing all forecasts with respect to the cost and timing of the development of its robotic surgical system beyond the fourth quarter of 2019 because its lack of financing has caused its primary product development supplier to limit the development work on the Company’s robotic surgical system.
The company has proposed a marketed offering of units of the Company for total gross proceeds of a minimum of US$15,000,000 and a maximum of US$25,000,000.