Tactile Medical prices $32.5M public offering of 2.5M shares at $13.00/share

TACTILE SYSTEMS TECHNOLOGY INC

Gross proceeds of $32.5M from 2,500,000 shares at $13.00 per share.
Underwriter granted 30-day option to purchase up to 375,000 additional shares.
Net proceeds to expand commercial activities, fund milestones, support new product development, and for working capital.
Offering expected to close on or about February 28, 2023.
William Blair & Company acting as sole book-running manager.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TACTILE SYSTEMS TECHNOLOGY INC entered into Underwriting Agreement with William Blair & Company, L.L.C (effective 2023-02-23).

Action: entry
Agreement: underwriting
Counterparty: William Blair & Company, L.L.C
Effective: 2023-02-23

Exact text from the filing

On February 23, 2023, Tactile Systems Technology, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with William Blair & Company, L.L.C, as the underwriter (the “Underwriter”), relating to the public offering of 2,875,000 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”), including 375,000 shares purchased by the Underwriter pursuant to an option to purchase additional shares, at a public offering price of $13.00 per share.

View on SEC.gov

84 material agreements filed in the last 30 days. Browse all material agreements →

TACTILE SYSTEMS TECHNOLOGY INC filing history →

Source: SEC EDGAR

accession 0001104659-23-026756

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.