Titan Pharmaceuticals Announces $1 Million Private Placement of Convertible Preferred Stock
Titan Pharmaceuticals, Inc. (TTNP)
NASDAQ:AMEX Investor Relations:
ir.titanpharm.com
Company Research
Source: GlobeNewswire
NEW YORK, April 11, 2025 (GLOBE NEWSWIRE) -- Titan Pharmaceuticals, Inc. (NASDAQ: TTNP) ("Titan" or the "Company") announced today that, pursuant to a securities purchase agreement (the “Purchase Agreement”) with Blue Harbour Asset Management L.L.C-FZ (“Blue Harbour”), it has completed a private placement of the Company’s newly designated Series B Convertible Preferred Stock (the “Preferred Stock”). Pursuant to the Purchase Agreement, Blue Harbour purchased 100,000 shares of Preferred Stock for an aggregate purchase price of $1,000,000. The shares have a conversion price of $3.00. The Certificate of Designations authorizing the Preferred Stock contains a beneficial ownership conversion "blocker" that prevents Blue Harbour from acquiring the lower of either (i) the maximum percentage of common stock permissible under Nasdaq rules and regulations without first obtaining shareholder approval or (ii) 19.99% of the Company's outstanding common stock. The shares being sold in this trans
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Sec Filings
- 10/2/25 - Form 25-NSE
- 10/1/25 - Form 8-K
- TTNP's page on the SEC website