Articles from Titan Medical Inc.
Titan Announces the Closing of Conavi’s Private Placement of Subscription Receipts and Provides Update on the Transaction
TORONTO, Ontario, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) is pleased to announce that, in connection with its amalgamation agreement (“Amalgamation Agreement”) with Conavi Medical Inc. (“Conavi”) providing for the combination of the companies in an all-stock transaction (the “Transaction”), Conavi has closed its previously announced concurrent private placement of subscription receipts (“Subscription Receipts”) for gross proceeds of US$7.7 million (the “Offering”).
By Titan Medical Inc. · Via GlobeNewswire · October 8, 2024
Titan Announces Resignations of Directors
TORONTO, Ontario, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) announces that following its annual general meeting held on September 30, 2024 (the “Meeting”) and in accordance with Titan’s Majority Voting Policy (the “Voting Policy”), Anthony Giovinazzo, Cathy Steiner, Cary Vance and Paul Cataford have tendered to the Board of Directors (the “Board”) their resignations as directors of Titan (including Paul Cataford’s resignation as Board Chairman).
By Titan Medical Inc. · Via GlobeNewswire · October 2, 2024
Titan Reports Voting Results from 2023 Annual General and Special Meeting
TORONTO, Ontario, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) announced the voting results from its Annual General and Special Meeting of Shareholders (the “AGM”) held virtually via live audio webcast on September 30, 2024. Shareholders voted in favour of all management resolutions proposed in Titan’s management information circular dated August 30, 2024 (the “Circular”).
By Titan Medical Inc. · Via GlobeNewswire · September 30, 2024
Titan Medical begins process to move to the TSX Venture Exchange
TORONTO, Ontario, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) announces that its board of directors (the “Board”) has approved the voluntary delisting (the “Delisting”) of Titan’s common shares (the “Titan Shares”) from the Toronto Stock Exchange (the “TSX”). Subject to approval by the TSX and the completion of all closing conditions for the Transaction (defined below) it is expected that the Titan Shares will be delisted from the TSX effective as of close of markets between October 4, 2024 and October 10, 2024.
By Titan Medical Inc. · Via GlobeNewswire · September 30, 2024
Conavi Medical Shareholders Approve the Proposed Amalgamation Between Titan and Conavi
Titan’s respective annual general and special meeting of shareholders to vote on the amalgamation transaction to take place on September 30, 2024, at 4:00 p.m. Eastern Time
By Titan Medical Inc. · Via GlobeNewswire · September 26, 2024
Proxy Deadline Thursday September 26, 2024
TORONTO, Ontario, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) released a reminder for shareholders to vote ahead of Titan’s annual and special shareholders meeting (the “Meeting”) scheduled to be held on Monday, September 30, 2024.
By Titan Medical Inc. · Via GlobeNewswire · September 25, 2024
Proxy Advisor Glass, Lewis & Co., Recommends Titan Shareholders Vote FOR the Amalgamation Between Titan and Conavi
TORONTO, Ontario, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) is pleased to announce that a second independent proxy advisor, Glass Lewis has recommended that their clients to vote their shares FOR the proposed amalgamation with Conavi Medical Inc. (the “Amalgamation”) at the annual general and special meeting of Titan to be held on September 30, 2024 (the “Meeting”).
By Titan Medical Inc. · Via GlobeNewswire · September 19, 2024
Titan Announces Conavi Medical to Present Overview at Titan Q&A Session
TORONTO, Ontario, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) announces that Conavi Medical Inc. (“Conavi”) will be joining the previously announced Titan Q&A session to be held on Thursday, September 19, 2024 at 5:00 pm ET in connection with the proposed business combination between Titan and Conavi to be considered at the annual general meeting of Titan on September 30, 2024. After the Conavi presentation, Titan will provide prepared remarks followed by a Q&A session. Paul Cataford, Interim President and CEO and Chien Huang, Chief Financial Officer will attend the session on behalf of Titan.
By Titan Medical Inc. · Via GlobeNewswire · September 16, 2024
Independent Proxy Advisor, Institutional Shareholder Services (“ISS”), Recommends Titan Shareholders Vote FOR the Amalgamation Between Titan and Conavi
TORONTO, Ontario, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) is pleased to announce that Institutional Shareholder Services (“ISS”), has released a report (the "ISS Report") recommending that Titan’s shareholders ("Shareholders") vote in favour of the proposed amalgamation with Conavi Medical Inc. (the “Amalgamation”) to be approved by the Shareholders at the annual general and special meeting of Titan to be held on September 30, 2024 (the “Meeting”).
By Titan Medical Inc. · Via GlobeNewswire · September 16, 2024
Titan Announces Q&A Session with Shareholders
TORONTO, Ontario, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) announces that Titan management will host a webcast Q&A session on Thursday, September 19, 2024 at 5:00 pm ET in connection with filing and mailing of the management information circular, which was announced by press release issued on September 6, 2024. Titan will provide prepared remarks followed by a Q&A session. Paul Cataford, Interim President and CEO and Chien Huang, Chief Financial Officer will attend the session on behalf of Titan.
By Titan Medical Inc. · Via GlobeNewswire · September 9, 2024
Titan Announces Filing of the Management Information Circular.
TORONTO, Ontario, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) is pleased to announce the filing and mailing of its management information circular (the “Circular”) with respect to the amalgamation agreement (“Amalgamation Agreement”) with Conavi Medical Inc. (“Conavi”) providing for the combination of the companies in an all-stock transaction (the “Transaction”). This Transaction will constitute a reverse takeover of Titan.
By Titan Medical Inc. · Via GlobeNewswire · September 6, 2024
Titan Medical Reports Operating and Financial Results for the Second Quarter 2024
TORONTO, Ontario, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF), today reported financial results for the three and six months ended June 30, 2024.
By Titan Medical Inc. · Via GlobeNewswire · August 15, 2024
Titan Further Amends Amalgamation Agreement with Conavi Medical Inc. and Announces Further Extension of 2024 Annual General and Special Meeting
TORONTO, Ontario, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) is pleased to announce that it has entered into a third amending agreement dated August 13, 2024 (the “Amending Agreement No. 3”), in respect of the previously announced amalgamation agreement dated March 17, 2024, as previously amended on May 28, 2024 and on July 5, 2024 (collectively, the “Amalgamation Agreement”) among Conavi Medical Inc. (“Conavi”), 1000824255 Ontario Inc. (a wholly-owned subsidiary of Titan) and Titan, to result in the merger of Conavi and Titan (the “Proposed Transaction”). In addition, Titan announces that the Toronto Stock Exchange (“TSX”) has granted Titan an extension to hold its Annual General and Special Meeting of Shareholders (the “AGM”) on or before September 30, 2024.
By Titan Medical Inc. · Via GlobeNewswire · August 14, 2024
Titan Amends Amalgamation Agreement with Conavi Medical Inc.
TORONTO, Ontario, July 05, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) announces that it has entered into a second amending agreement dated July 5, 2024 (the “Amending Agreement”), in respect of the previously announced amalgamation agreement dated March 17, 2024, as initially amended by an amending agreement on May 28, 2024 (collectively the “Amalgamation Agreement”) among Conavi Medical Inc. (“Conavi”), 1000824255 Ontario Inc. (a wholly-owned subsidiary of Titan) and Titan, to result in the merger of Conavi and Titan (the “Proposed Transaction”). In addition, Titan is seeking an additional extension with the Toronto Stock Exchange (“TSX”) to hold its Annual General and Special Meeting of Shareholders (the “AGM”) on or before September 30, 2024. An update regarding Titan’s AGM and any extension granted by the TSX will be provided at a later date.
By Titan Medical Inc. · Via GlobeNewswire · July 5, 2024
Titan Amends Amalgamation Agreement with Conavi Medical Inc. and Announces Extension of 2023 Annual General and Special Meeting
TORONTO, Ontario, May 29, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) is pleased to announce that it has entered into an amending agreement dated May 28, 2024 (the “Amending Agreement”), in respect of the previously announced amalgamation agreement dated March 17, 2024 (the “Amalgamation Agreement”) among Conavi Medical Inc. (“Conavi”), 1000824255 Ontario Inc. (a wholly-owned subsidiary of Titan) and Titan, to result in the merger of Conavi and Titan (the “Proposed Transaction”). In addition, Titan announces that the Toronto Stock Exchange (“TSX”) has granted Titan an extension to hold its Annual General and Special Meeting of Shareholders (the “AGM”) on or before July 31, 2024.
By Titan Medical Inc. · Via GlobeNewswire · May 29, 2024
Titan Provides Update on Planned Merger with Conavi
TORONTO, Ontario, May 17, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) is providing an update on its planned merger with Conavi Medical Inc. (“Conavi”) pursuant to the definitive amalgamation agreement (the “Amalgamation Agreement”) dated March 17, 2024 (the “Transaction”), as previously announced on March 18, 2024 and April 22, 2024.
By Titan Medical Inc. · Via GlobeNewswire · May 17, 2024
Titan Medical Reports Financial Results for the First Quarter 2024
TORONTO, Ontario, May 13, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF), today reported financial results for the three months ended March 31, 2024.
By Titan Medical Inc. · Via GlobeNewswire · May 13, 2024
Titan Provides Update on Planned Merger with Conavi
TORONTO, Ontario, April 22, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) is pleased to provide this update on its planned merger with Conavi Medical Inc. (“Conavi”) as previously announced on March 18, 2024 (the “Transaction”).
By Titan Medical Inc. · Via GlobeNewswire · April 22, 2024
Titan Settles Contractual Dispute with Contract Manufacturer
TORONTO, Ontario, April 01, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) announces that it has entered into a settlement agreement with a contract manufacturer (“Contractor”).
By Titan Medical Inc. · Via GlobeNewswire · April 1, 2024
Titan Medical Reports Fiscal Year 2023 Results
TORONTO, Ontario, March 29, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF), today reported financial results for the fiscal year ended December 31, 2023.
By Titan Medical Inc. · Via GlobeNewswire · March 29, 2024
Titan Announces Q&A Session with Shareholders
TORONTO, Ontario, March 20, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) announces that management will host a webcast Q&A session on March 27, 2024 at 1:00 p.m. ET in connection with the merger agreement entered into by Titan with Conavi Medical Inc. (“Conavi”), which was announced by press release issued on March 18, 2024. Titan will provide prepared remarks followed by a Q&A session. Paul Cataford, Interim President and CEO and Chien Huang, Chief Financial Officer will attend the session on behalf of Titan.
By Titan Medical Inc. · Via GlobeNewswire · March 20, 2024
Titan Announces Merger Agreement with Conavi
- Merger to create publicly-listed, commercial-stage leader in hybrid intravascular imaging -
By Titan Medical Inc. · Via GlobeNewswire · March 18, 2024
Titan Medical to Report Year-End 2023 Financial Results on March 29, 2024
TORONTO, Ontario, March 04, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF), announced today that the Company plans to issue its year-end 2023 financial results after the market closing on March 29, 2024.
By Titan Medical Inc. · Via GlobeNewswire · March 4, 2024
Titan Medical Announces Benchmark Electronics, Inc. Purported to Terminate Agreement
TORONTO, Ontario, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF), announced today that Benchmark Electronics, Inc., the company engaged by Titan under a manufacturing and supply agreement for the manufacture of Titan’s Enos Surgical System, has purported to terminate the agreement. Titan did not receive delivery from Benchmark of manufactured Enos Surgical System units and disputes that Benchmark has grounds for the termination. Titan has rejected Benchmark’s allegation that Titan breached the agreement.
By Titan Medical Inc. · Via GlobeNewswire · December 1, 2023
Titan Medical Reports Operating and Financial Results for the Third Quarter 2023
TORONTO, Ontario, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF), announced today financial results for the three and nine months ended September 30, 2023.
By Titan Medical Inc. · Via GlobeNewswire · November 2, 2023
Titan Medical Announces Change in Auditor
TORONTO, Ontario, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF), a medical technology company, announces that it has changed its auditor from BDO Canada LLP (the “Former Auditor”) to MNP LLP (the “Successor Auditor”) effective October 10, 2023. At the request of the Company, the Former Auditor resigned as auditor of the Company on October 10, 2023 and the board of directors of the Company appointed the Successor Auditor as the new auditor until the next annual general meeting of shareholders of the Company.
By Titan Medical Inc. · Via GlobeNewswire · October 18, 2023
Titan Medical Signs License Agreement with Auris Health, Inc.
TORONTO, Ontario, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF), a medical technology company, announced today that the Company has entered into a licensing agreement (“Agreement”) with Auris Health, Inc., (“Auris Health”), a Johnson & Johnson MedTech company, in respect of certain intellectual property (“IP”) of Titan. Under the Agreement, Titan has granted Auris Health a non-exclusive license to a portion of Titan’s IP.
By Titan Medical Inc. · Via GlobeNewswire · August 21, 2023
Titan Medical Announces Appointment of New Independent Member to its Board of Directors
TORONTO, Ontario, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF), announced today the appointment of Dr. Daniel O’Brien, MD, MBA, PhD to its Board of Directors. Dr. O’Brien will also serve on the Audit Committee of the Board.
By Titan Medical Inc. · Via GlobeNewswire · August 14, 2023
Titan Medical Reports Operating and Financial Results for the Second Quarter 2023
TORONTO, Ontario, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF), announced today financial results for the three and six months ended June 30, 2023.
By Titan Medical Inc. · Via GlobeNewswire · August 10, 2023
Titan Medical Reports Voting Results From Annual General Meeting of Shareholders
TORONTO, Ontario, July 04, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF), a medical technology company, today announced the voting results from the Company’s Annual General Meeting of its shareholders held on June 30, 2023.
By Titan Medical Inc. · Via GlobeNewswire · July 4, 2023
Titan Medical Successfully Transitions to an IP Licensing Company
TORONTO, Ontario, June 20, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF) is pleased to provide this further corporate update on its successful transition to an IP licensing company.
By Titan Medical Inc. · Via GlobeNewswire · June 20, 2023
Titan Medical Announces Lifting of Management Cease Trade Order
TORONTO, Ontario, June 16, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF), reports that the management cease trade order granted on April 3, 2023 (the “MCTO”) by the Ontario Securities Commission under National Policy 12-203 – Management Cease Trade Orders lapsed on June 13, 2023 following the filing, on May 31, 2023, of the Company’s annual financial statements and accompanying management’s discussion and analysis for the fiscal year ended December 31, 2022 and the filing, on June 9, 2023, of the Company’s first quarter financial statements and accompanying management’s discussion and analysis for the period ended March 31, 2023.
By Titan Medical Inc. · Via GlobeNewswire · June 16, 2023
Titan Medical Reports Operating and Financial Results for the First Quarter 2023
TORONTO, Ontario, June 09, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF), announced today financial results for the three months ended March 31, 2023.
By Titan Medical Inc. · Via GlobeNewswire · June 9, 2023
Titan Medical Signs Asset Purchase and License Agreement with Medtronic
TORONTO, Ontario, June 05, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF), a medical technology company headquartered in Toronto, Ontario, announced today that the Company has entered into an asset purchase and license agreement (“Agreement”) with Medtronic (NYSEMDT), a global leader in healthcare technology, for an upfront payment of US$8.0 million in respect of certain intellectual property (“IP”) of Titan.
By Titan Medical Inc. · Via GlobeNewswire · June 5, 2023
Titan Medical Reports Operating and Financial Results for the Fourth Quarter and Year End 2022 and Announces Availability of Materials for the 2023 Annual Meeting of Shareholders
TORONTO, Ontario, May 31, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF), announced today the financial results for the three and twelve months ended December 31, 2022. The Company also announced that its 2023 annual meeting (the “Meeting”) is scheduled for Friday, June 30, 2023 at 4:00 pm E.T. to be held virtually at https://web.lumiagm.com/420568592.
By Titan Medical Inc. · Via GlobeNewswire · May 31, 2023
Titan Medical Announces Corporate Update and Provides Bi-Weekly MCTO Status Update
TORONTO, Ontario, May 29, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF) announced today a corporate update and is also providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).
By Titan Medical Inc. · Via GlobeNewswire · May 29, 2023
Titan Medical Signs License Agreement with Intuitive Surgical
TORONTO, Ontario, May 26, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF) announced today that the Company has entered into a license agreement (“Agreement”) with Intuitive Surgical, Inc. (“Intuitive”) (Nasdaq: ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery (“RAS”), for an upfront payment of US$7.5 million in respect of certain intellectual property (“IP”) of Titan.
By Titan Medical Inc. · Via GlobeNewswire · May 26, 2023
Titan Medical Announces Delay in First Quarter 2023 Filings
TORONTO, Ontario, May 19, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF) today announces that, as a result of a delay in filing its annual financial statements, the related management’s discussion and analysis and annual information form, and the accompanying chief executive officer and chief financial officer certification for its financial year ended December 31, 2022 (collectively, the “Annual Filing Documents”), the Company will also be delayed in the filing of its financial statements, the related management’s discussion and analysis and the accompanying chief executive officer and chief financial officer certification for its first quarter ended March 31, 2023 (the “Q1 Filing Documents”) and now expects to file the Q1 Filing Documents by June 9, 2023. As announced on May 15, 2023, the Company expects to file the Annual Filing Documents by May 31, 2023.
By Titan Medical Inc. · Via GlobeNewswire · May 19, 2023
Titan Medical Provides Bi-Weekly MCTO Status Update
TORONTO, Ontario, May 15, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).
By Titan Medical Inc. · Via GlobeNewswire · May 15, 2023
Titan Medical Provides Bi-Weekly MCTO Status Update
TORONTO, Ontario, May 01, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).
By Titan Medical Inc. · Via GlobeNewswire · May 1, 2023
Titan Medical Provides Bi-Weekly MCTO Status Update
TORONTO, Ontario, April 17, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).
By Titan Medical Inc. · Via GlobeNewswire · April 17, 2023
Titan Medical Announces Receipt of MCTO
TORONTO, ON, April 04, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF) announces that it has been granted a management cease trade order (“MCTO”) by the Ontario Securities Commission (the “OSC”), as its principal regulator, under National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults (“NP 12-203”).
By Titan Medical Inc. · Via GlobeNewswire · April 4, 2023
Titan Medical Provides Corporate Update
TORONTO, ON, April 03, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF) today provided an update on its annual filings and certain other corporate and operational matters.
By Titan Medical Inc. · Via GlobeNewswire · April 3, 2023
Titan Medical Announces Delays in its Annual Filings and Planned Deregistration with the SEC
TORONTO, ON, March 22, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF) today announces that, as a result of certain financial and operational challenges that the Company has experienced over the past several months and as a result of the Company devoting significant management resources to rectifying these challenges, the Company will not be filing its annual financial statements, the related management’s discussion and analysis and annual information form, and the accompanying chief executive officer and chief financial officer certification for its financial year ended December 31, 2022 (the “Annual Filings”), within 90 days of December 31, 2022, as required under Parts 4 and 5 of National Instrument 51-102 – Continuous Disclosure Obligations and National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings.
By Titan Medical Inc. · Via GlobeNewswire · March 22, 2023
Titan Medical Announces Decision of Nasdaq Hearings Panel to Delist Common Shares
Common shares to continue to trade on the Toronto Stock Exchange and are expected to trade on the OTC Markets
By Titan Medical Inc. · Via GlobeNewswire · March 9, 2023
Titan Medical Announces Executive Leadership Updates and Receipt of Nasdaq Notification Regarding Audit Committee Requirements
Toronto, Ontario, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (the “Company” or “Titan”) (Nasdaq: TMDI; TSX: TMD) today announced senior leadership changes and the receipt of a notification from the Nasdaq Stock Market LLC Listing Qualifications Department stating that following the resignation of Heather Knight from the Company’s board of directors and audit committee, the Company no longer complies with Nasdaq’s audit committee requirement set forth in Nasdaq Rule 5605.
By Titan Medical Inc. · Via GlobeNewswire · February 14, 2023
Titan Medical Provides Corporate Update
Announces Further Costing Reduction Activities and Updates to Strategic Review Process
By Titan Medical Inc. · Via GlobeNewswire · February 8, 2023
Titan Medical Shares Latest Technology Innovation and Announces Meeting Participation During J.P. Morgan Healthcare Conference Week
TORONTO, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical device company focused on the development and commercialization of innovative surgical technologies for single access robotic-assisted surgery (RAS), today announced the unveiling of its next generation technology and participation in meetings to support the strategic review process announced on November 30, 2022 alongside the 41st Annual J.P. Morgan Healthcare Conference being held January 9-12 in San Francisco, CA. A video highlighting the company’s latest innovation in robotic-assisted surgery is available on the company’s website www.titanmedicalinc.com.
By Titan Medical Inc. · Via GlobeNewswire · January 9, 2023
Titan Medical Announces Receipt of Nasdaq Listing Determination; Company to Request Hearing
TORONTO, ON, Dec. 28, 2022 (GLOBE NEWSWIRE) -- Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD) (the “Company”), a medical device company focused on the development and commercialization of innovative surgical technologies for single access robotic-assisted surgery (RAS), today announced that, on December 27, 2022, the Nasdaq Listing Qualifications Staff (the “Staff”) notified the Company that, based upon the Company’s non-compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Rule”) as of December 26, 2022, the Company’s securities would be delisted unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”). The Company plans to timely request a hearing, which request will stay any further action by the Staff at least pending the issuance of the Panel’s decision following the hearing and the expiration of any extension that may be granted by the Panel.
By Titan Medical Inc. · Via GlobeNewswire · December 28, 2022
Titan Medical Granted Patent Covering User Experience, Further Enhancing its Intellectual Property in Robotic Assisted Surgery
TORONTO, ON, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical device company focused on the development and commercialization of innovative surgical technologies for single access robotic-assisted surgery (RAS), today announced that the United States Patent and Trademark Office (USPTO) recently issued patent No. 11,504,191, titled “Graphical User Interface for a Robotic Surgical System.” The patent, directed at enhancing the surgeon user experience, generally covers a graphical user interface (GUI) overlay of a surgical workspace to track instrument movement.
By Titan Medical Inc. · Via GlobeNewswire · December 13, 2022
Titan Medical Suspends Special Meeting of Shareholders in Conjunction with Initiation of Strategic Review Process
TORONTO, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical technology company focused on single access robotic-assisted surgery (RAS), today announced that in view of the commencement of the strategic review process announced on November 30, 2022, the special meeting of its shareholders scheduled for January 12, 2023 will be suspended and, if appropriate and necessary, rescheduled to a future date. If rescheduled to a future date, the business of the meeting may include, to the extent required by corporate or securities law and as determined by the Board of Directors of the company, the approval of a potential transaction should one result from the strategic review process announced on November 30, 2022 or, if appropriate, the approval of a consolidation of the company’s common shares. No future meeting dates have been scheduled and no decision on any specific business item for any future meeting of shareholders has been made at this time.
By Titan Medical Inc. · Via GlobeNewswire · December 7, 2022
Titan Medical Implements Cost-Cutting Measures to Support Strategic Review Process
TORONTO, ON, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical technology company focused on single access robotic-assisted surgery (RAS) system, today announced the company will implement certain cost-cutting measures with a view to preserving capital to support the strategic review process announced on November 30, 2022 while allowing the company to continue working on the investigational device exemption (IDE) filing with the U.S. Food and Drug Administration (FDA). As part of this plan, the company’s U.S. subsidiary will be temporarily furloughing approximately 40 employees at its Chapel Hill, North Carolina facility effective immediately.
By Titan Medical Inc. · Via GlobeNewswire · December 6, 2022
Titan Medical Announces Commencement of Strategic Review Process
TORONTO, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD) (“Titan” or the “Company”), a medical technology company focused on single access robotic-assisted surgery (RAS), today announced that its Board of Directors (or the “Board”), in consultation with its financial and legal advisors, has determined that it is in the best interest of the Company and its stakeholders to undertake a review and evaluation of strategic alternatives that may be available to the Company to unlock shareholder value. As part of the process, the Board will consider a full range of strategic alternatives including corporate sale, merger or other business combination, a sale of all or a portion of the company’s assets, strategic investment or other significant transaction.
By Titan Medical Inc. · Via GlobeNewswire · November 30, 2022
Titan Medical Announces American Association of Gynecologic Laparoscopy Global Congress Participation
TORONTO, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical technology company focused on single access robotic-assisted surgery (RAS), today announced its attendance at the American Association of Gynecologic Laparoscopy (AAGL) 51st Global Congress on minimally invasive gynecologic surgery (MIGS) being held December 1-4, 2022 in Aurora, Colorado.
By Titan Medical Inc. · Via GlobeNewswire · November 17, 2022
Titan Medical Reports Financial Results for the Third Quarter 2022, and Announces Special Shareholder Meeting
Shareholder Meeting to Support Share Consolidation to Maintain Nasdaq Listing
By Titan Medical Inc. · Via GlobeNewswire · November 10, 2022
Titan Medical to Issue Third Quarter 2022 Financial Results on November 10, 2022
Webcast to Follow Announcement
By Titan Medical Inc. · Via GlobeNewswire · November 2, 2022
Titan Medical Announces Executive Departure
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical device company focused on the development and commercialization of innovative surgical technologies for single access robotic-assisted surgery (RAS), today announced, after careful consideration and a review of the company’s future needs, that Perry Genova, Senior Vice President of Research and Product Development, will depart the company effective immediately.
By Titan Medical Inc. · Via Business Wire · June 1, 2022
Titan Medical to Present at the H.C. Wainwright Global Investment Conference
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical technology company focused on single access robotic-assisted surgery (RAS) system, today announced the company will present an overview of its Enos™ robotic single access surgical system at the H.C. Wainwright Global Investment Conference, taking place May 23-26, 2022 at the Fontainebleau Miami Beach Hotel in Miami, Florida.
By Titan Medical Inc. · Via Business Wire · May 18, 2022
Titan Medical Reports Financial Results for the First Quarter 2022
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical device company focused on the development and commercialization of innovative surgical technologies for single access robotic-assisted surgery (RAS), today announced financial results for the three months ended March 31, 2022.
By Titan Medical Inc. · Via Business Wire · May 12, 2022
Titan Medical Announces Availability of Materials for the 2022 Annual and Special Meeting of Shareholders
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical device company focused on the development and commercialization of innovative surgical technologies for single access robotic-assisted surgery (RAS), today announced that its 2022 Annual and Special Meeting (“the Meeting”) is scheduled for Wednesday, June 8, 2022 at 4:00 p.m. ET to be held virtually at https://web.lumiagm.com/432237190.
By Titan Medical Inc. · Via Business Wire · May 6, 2022
Titan Medical Announces Purchase Order from Medtronic
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical device company focused on the development and commercialization of innovative surgical technologies for single access robotic-assisted surgery (RAS), today announced receipt of a $2.6 million purchase order from Medtronic plc (NYSEMDT), a global leader in healthcare technology.
By Titan Medical Inc. · Via Business Wire · May 3, 2022
Titan Medical to Issue First Quarter 2022 Financial Results on May 12, 2022
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical technology company focused on single access robotic-assisted surgery (RAS), today announced that the company plans to issue its first quarter 2022 financial results prior to market opening on Thursday, May 12, 2022. In addition, management will host an investor audio webcast at 8:30 a.m. ET to discuss financial results and business highlights. Speakers will include Paul Cataford, Interim President and Chief Executive Officer, and Stephen Lemieux, Chief Financial Officer.
By Titan Medical Inc. · Via Business Wire · April 28, 2022
Titan Medical to Present at the Bloom Burton & Co. Healthcare Investor Conference
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical technology company focused on single access robotic-assisted surgery (RAS) system, today announced the company will present an overview of its Enos™ robotic single access surgical system at the Bloom Burton & Co. Healthcare Investor Conference, taking place May 2-3, 2022 at the Metro Toronto Convention Center.
By Titan Medical Inc. · Via Business Wire · April 26, 2022
Titan Medical Reports Operating and Financial Results for the Fourth Quarter and Year End 2021
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical device company focused on the development and commercialization of innovative surgical technologies for single access robotic-assisted surgery (RAS), today announced financial results for the three and twelve months ended December 31, 2021.
By Titan Medical Inc. · Via Business Wire · March 24, 2022
Titan Medical to Report Year End 2021 Financial Results on March 24, 2022
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical technology company focused on single access robotic-assisted surgery (RAS), today announced that the company plans to issue its year end 2021 financial results prior to market opening on Thursday, March 24, 2022. In addition, management will host an investor audio webcast at 8:30 a.m. ET to discuss financial results and business highlights. Speakers will include Paul Cataford, Interim President and Chief Executive Officer, and Stephen Lemieux, Chief Financial Officer.
By Titan Medical Inc. · Via Business Wire · March 14, 2022
Titan Medical Expands Patent Portfolio to More Than 200 Patents and Applications and Clarifies Third-Party Licensing Strategy
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical device company focused on the development and commercialization of innovative surgical technologies for single access robotic-assisted surgery (RAS), today announced that it has surpassed 200 patents and patent applications. This important milestone demonstrates the company’s commitment to being an innovation leader in single access robotic-assisted surgery. This broad portfolio protects the company’s proprietary technology and supports its mission in driving better patient outcomes and offering cost benefits and improving hospital efficiency.
By Titan Medical Inc. · Via Business Wire · February 7, 2022
Titan Medical Receives Final Milestone Payment and Retires Senior Secured Loan From Medtronic
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical technology company focused on the design and development of innovative surgical technologies for robotic single access surgery, announced today that it has received payment from Medtronic plc after successfully achieving the final milestone under the development and license agreement announced on January 4, 2022. In addition, the senior secured loan from Medtronic has been retired.
By Titan Medical Inc. · Via Business Wire · January 26, 2022
Titan Medical Selects Benchmark to Manufacture Enos Robotic Single Access Surgical System
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical technology company focused on the design and development of innovative surgical technologies for robotic single access surgery, announced today that it has signed a manufacturing and supply agreement with Benchmark Electronics, Inc. (NYSEBHE) to produce Titan’s innovative Enos™ robotic single access surgical system workstations and patient carts. These Benchmark manufactured solutions will be integrated with Titan’s proprietary patented and patent-pending cameras and multi-articulating instruments planned to be manufactured by Titan at its Chapel Hill, North Carolina facility.
By Titan Medical Inc. · Via Business Wire · January 11, 2022
Titan Medical to Participate in H.C. Wainwright BioConnect 2022 Virtual Investor Conference
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical technology company focused on the development and commercialization of innovative single access robotic-assisted surgery systems and technology, announced today it is scheduled to participate at the H.C. Wainwright & Company BioConnect 2022 Conference, a virtual investor conference taking place January 10-13, 2022.
By Titan Medical Inc. · Via Business Wire · January 5, 2022
Titan Medical Completes Final Milestone Under Development Agreement with Medtronic
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical technology company focused on the development and commercialization of innovative single access robotic-assisted surgery systems and technology, announced today that it completed, on schedule, the final milestone under the development and license agreement with Medtronic plc (NYSEMDT), the world’s leading medical technology company. With the successful completion of the agreement, Titan is scheduled to receive a license payment in exchange for licensing the developed technologies to Medtronic and Medtronic’s secured loan to Titan will be retired, each of which are expected to be completed this month.
By Titan Medical Inc. · Via Business Wire · January 4, 2022
Titan Medical Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical technology company focused on the development and commercialization of an innovative single access robotic-assisted surgery system, today received notification from the Nasdaq Stock Market LLC Listing Qualifications Department that it was not in compliance with the minimum bid price requirement set forth in Nasdaq Rule 5550(a)(2) since the closing bid price for the company's common shares listed on Nasdaq was below US$1.00 for 30 consecutive business days. Nasdaq Rule 5550(a)(2) requires the shares to maintain a minimum bid price of US$1.00 per share, and Nasdaq Rule 5810(c)(3)(A) provides that failure to meet such a requirement exists when the bid price of the shares is below US$1.00 for a period of 30 consecutive business days.
By Titan Medical Inc. · Via Business Wire · December 30, 2021
Titan Medical Announces CEO Transition
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical technology company focused on the development and commercialization of an innovative single access robotic-assisted surgery system, announced that President and Chief Executive Officer David McNally has stepped down as President and CEO, and resigned from the Board of Directors effective today. Paul Cataford, Chair of the Board, has been appointed Interim President and CEO and Anthony J. Giovinazzo will assume the role of Lead Independent Director of the Board. The Board intends to commence a search process in early 2022 to identify a permanent CEO.
By Titan Medical Inc. · Via Business Wire · December 1, 2021
Titan Medical Reports Third Quarter 2021 Financial Results
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical technology company focused on the development and commercialization of its innovative surgical technologies for robotic-assisted surgery that requires a single patient access point, today announced financial results for the three and nine months ended September 30, 2021.
By Titan Medical Inc. · Via Business Wire · November 11, 2021
Titan Medical Announces Expansion of Surgeon Advisory Board
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical device company focused on the development and commercialization of its innovative surgical technologies for robotic single access surgery, today announced changes to its Surgeon Advisory Board (SAB) comprised of industry leaders in single access and robotic-assisted surgery. The SAB will work cohesively with management to advance the company’s Enos™ robotic single access surgical system through clinical studies to be performed following the approval of its planned application to the FDA for an investigational device exemption (IDE), and, upon regulatory clearance, realize the vision of improving patient outcomes.
By Titan Medical Inc. · Via Business Wire · November 3, 2021
Titan Medical to Report Third Quarter 2021 Financial Results on November 11, 2021
Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD), a medical device company focused on the development and commercialization of its innovative surgical technologies for robotic single access surgery today announced that the company plans to issue its third quarter 2021 financial results prior to market opening on Thursday, November 11, 2021. In addition, management will host an investor audio webcast at 8:30 a.m. ET to discuss financial results and business highlights. Speakers will include David McNally, President and Chief Executive Officer, and Stephen Lemieux, Chief Financial Officer.
By Titan Medical Inc. · Via Business Wire · November 1, 2021