Titan Medical Inc (TMDIF)

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CORRECTION, I made a small mistake in the warrants, they will issue only 9 million and NOT 18 million: This is how the Early Warning Report will read. Entity XYZ owns 18,000,000 shares and 9,000,000 warrants. Entity XYZ will have voting control over 23% of TMD. If the warrants are exercised, they will have voting control over 31% of TMD. This will be considered a Substantial Shareholder. If that same entity were to take over the company (aka: a business combination), those shares would be abstained from voting at the special meeting. Only the disinterested shareholders at the special meeting would vote and they would require more than 66.75% to pass the business combination. Before all this takes place, the board would have to form a special committee of independent members to conduct the valuation process.