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Public offering could pull in $11.5M for Titan Medical

Titan Medical has announced plans to launch a public offering of as much as 100 million shares in hopes of raising up to $11.5 million. The company said proceeds from the offering, which can be completed in phases provided that the minimum gross proceeds of over $5.3 million are raised in the first tranche, will be used as working capital as well as to support further development of the company's Sport robot-assisted surgery platform.

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