Canada’s Titan Medical raises $25 million in share offering

03/23/2019 10:24:00 AM (GMT)

Canadian robotic surgical technologies developer Titan Medical has raised $25 million in a share offering.

Titan Medical floated around 7.4 million units in the deal at a price of $3.40 per unit.

Titan Medical said that the offering included a fully-exercised over-allotment option through which it floated an additional 1.1 million units for around $3.8 million.

The company said that the additional funds from the exercise of the over-allotment option brings the total raised to $28.8 million.

Titan Medical Inc.

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