Titan Medical (TSX:TMD) said today that it inked a deal with Longtai Medical to convert $2 million Longtai paid as a distributorship deposit to equity, making Longtai the robotic surgical company’s largest shareholder. The conversion comes 2 years after Titan Medical and Longtai negotiated a deal that would have made Longtai the company’s exclusive distributor of its […]
Longtai Medical
Titan Medical again extends negotiations with Chinese distributor
Titan Medical (TSX:TMD) said this week that it’s again extending negotiations with a Chinese distributor, after a prior, 3-month add-on expired August 19. The Toronto-based robot-assisted surgery company is in talks with Longtai Medical over the exclusive rights to its Sport platform in the Asia-Pacific region. In May, Titan inked a 3-month extension on negotiations with distributor […]
Titan Medical inks $24m private placement deal with Chinese distributor Longtai
Titan Medical (CVE:TMD) last week said it agreed to a private placement deal with a subsidiary of Chinese medical device distributor Ningbo Long Hengtai International Trade Co. that could wind up being worth more than $24 million. Toronto-based Titan Medical said the deal with Canada-based Longtai Medical involves an initial, $4 million private placement priced at $1.23 per […]