---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-026756"
form_type: "8-K"
ticker: "TCMD"
cik: "0001027838"
company_name: "TACTILE SYSTEMS TECHNOLOGY INC"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T19:54:50.810065+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-026756
- form_type: 8-K
- ticker: TCMD
- cik: 0001027838
- company_name: TACTILE SYSTEMS TECHNOLOGY INC
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1027838/000110465923026756/0001104659-23-026756-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1027838/000110465923026756/tm233510d7_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-026756
- JSON: https://secwatch.observer/filing/0001104659-23-026756.json
- Plain text: https://secwatch.observer/filing/0001104659-23-026756.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1027838/000110465923026756/0001104659-23-026756-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.