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Pioneering Health Tech Innovator Closes on Public Offering

Pioneering Health Tech Innovator Closes on Public Offering

Pioneering Health Tech Innovator Closes on Public Offering

Kudos to client and innovative health tech company Tivic Health Systems, Inc., on closing its registered public offering, raising approximately $4 million. The offering involved Tivic’s sale of an aggregate of 4,710,000 shares of its common stock, Series A warrants to purchase up to 4,710,000 shares of common stock and Series B warrants to purchase up to 7,065,000 shares of common stock, at a combined public offering price of $0.85 per share and accompanying warrants. The Series A warrants have an exercise price of $0.85 per share, are exercisable immediately and will expire one year after the date of issuance, and the Series B warrants have an exercise price of $0.85 per share, are exercisable immediately and will expire five years after the date of issuance.

Procopio Capital Markets & Securities practice leader Christopher Tinen led the transaction on behalf of Tivic Health, joined by Senior Associate Caitlin Murphey and Associate Rachel Edwards.

Tivic Health is a commercial health tech company advancing the field of bioelectronic medicine. Its patented technology platform leverages stimulation on the trigeminal, sympathetic, and vagus nerve structures. Tivic Health’s non-invasive and targeted approach to the treatment of inflammatory chronic health conditions gives consumers and providers drug-free therapeutic solutions with high safety profiles, low risk, and broad applications. Its first commercial product ClearUP is an FDA approved, award-winning, handheld bioelectronic sinus device. ClearUP is clinically proven, doctor-recommended, and is available through online retailers and commercial distributors.

 Learn more in Tivic Health’s press release.

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