I'm not sure this will react the way it would if it was a Public offering. This is a private placement and part of a distribution contract agreement. The value extends far beyond the current/future share price.
"Under the terms of the Letter Agreement, Longtai will subscribe for and purchase US$4,000,000 worth of Common Shares of Titan under a private placement, at a subscription price of CDN$1.23 per share. The private placement is expected to close on November 15, 2015 and is subject to normal closing conditions including TSX approval. Titan has granted to Longtai exclusive rights to negotiate with Titan for an exclusive marketing, sales and distribution agreement for Titan's SPORT™ Surgical System in the Asia Pacific region (the "Distributorship Agreement") for a period of 183 days commencing at closing. Additionally, Longtai has paid to Titan US$2,000,000 as a deposit toward the Distributorship Agreement ("Distributorship Deposit"), which shall be repaid to Longtai in the event that the agreement is not entered into within the 183-day period."
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