Titan Medical Inc. (NASDAQ:TMDI) stock is moving marginally lower in the pre-market session after gaining 6% in the past week. The stock has been gaining solid momentum over the past 6-month with a jump of 39%.
Market Reaction
As of 8:35, TMDI stock is down by 1.07% to trade at $1.85 with more than 300 shares traded hands. Over the past year, the stock has been moving within a range of $0.57-$3.47.
Major Trigger:
Titan Medical Reports Voting Results From Annual and Special Meeting of Shareholders
Key Highlights:
- announced the voting results from the company’s Annual and Special Meeting of its Shareholders held on Wednesday, June 9, 2021.
- All of management’s nominees for election were duly elected as directors of the company by the shareholders presented or represented by proxy at the meeting. A total of 56,098,112 of the 109,527,690 common shares outstanding, or 51.22%, were voted at the meeting.
- The appointment of BDO Canada LLP as independent auditors of the company was approved by shareholders (with 52,008,750 votes for and 4,089,761 votes withheld) in respect of the motion.
- Renewal of the Stock Option Plan was approved by shareholders (with 15,852,067 votes for and 7,290,430 votes withheld) in respect of the motion.
- Approval of amendments to the Stock Option Plan for the provision of incentive stock options was approved by shareholders (with 15,496,101 votes for and 7,646,396 votes withheld) in respect of the motion.
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