Titan Medical to Delist from TSX and Move to TSX Venture Exchange
Titan Medical plans to merge with Conavi Medical and rebrand as Conavi Medical Corp following the move.
- Titan Medical's board has approved the voluntary delisting of its shares from the Toronto Stock Exchange, expected to occur between October 4 and October 10, 2024.
- The company will transition its shares to the TSX Venture Exchange in connection with its planned acquisition of Conavi Medical.
- The merger with Conavi Medical will result in a reverse takeover, with the combined entity being renamed Conavi Medical Corp.
- Shareholders voted in favor of all management resolutions at Titan's recent Annual General and Special Meeting, including the name change and share consolidation.
- The Novasight Hybrid System, developed by Conavi Medical, has received regulatory approvals from multiple countries, including the U.S., Canada, China, and Japan.