- Tactile Systems Technology ( NASDAQ: TCMD ) priced its underwritten public offering of 2.5M shares at $13/share.
- Gross proceeds are expected to be $32.5M; net proceeds to be used for expanding commercial activities, funding milestone payments, supporting new product development, funding potential acquisitions and providing working capital and for other general corporate purposes.
- Underwriters granted 30-day option to purchase up to an additional 375K shares.
- Offer is expected to close on or about Feb.28, 2023.
- Shares trading 10.1% lower premarket.
For further details see:
Tactile Systems Technology prices $32.5M in stock offering