{"id":768582,"date":"2023-07-10T11:16:12","date_gmt":"2023-07-10T15:16:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tivic-health-announces-pricing-of-1-8-million-public-offering-of-common-stock\/"},"modified":"2023-07-10T11:16:12","modified_gmt":"2023-07-10T15:16:12","slug":"tivic-health-announces-pricing-of-1-8-million-public-offering-of-common-stock","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tivic-health-announces-pricing-of-1-8-million-public-offering-of-common-stock\/","title":{"rendered":"Tivic Health Announces Pricing of $1.8 Million Public Offering of Common Stock"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Tivic Health Announces Pricing of $1.8 Million Public Offering of Common Stock<\/b><\/p>\n<p>SAN FRANCISCO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nTivic Health\u00ae Systems, Inc. (\u201cTivic\u201d, \u201cCompany\u201d, Nasdaq: TIVC), a health tech company that develops and commercializes bioelectronic medicine, today announced the pricing of its previously announced public offering of 32,500,000 shares of its common stock at a public offering price of $0.055 per share. Gross proceeds from the offering are expected to be approximately $1.8 million before deducting placement agent fees and estimated offering expenses. Tivic intends to use the net proceeds of the offering for working capital and general corporate purposes.<\/p>\n<p>\nMaxim Group LLC is acting as the sole placement agent, on a reasonable best-efforts basis for the offering.<\/p>\n<p>\nThe closing of the offering is expected to occur on or about July 11, 2023, subject to the satisfaction of customary closing conditions.<\/p>\n<p>\nA shelf registration statement on Form S-3 (File No. 333-269494) relating to the securities being offered was filed with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) on February 1, 2023, and became effective on February 8, 2023. The shares may be offered only by means of a prospectus. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the public offering have been filed with the SEC. A final prospectus supplement and an accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=53443632&amp;newsitemid=20230710749605&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=720ff37f7ebfd8c6edc9596f966495c4\">www.sec.gov<\/a>. When available, copies of the final prospectus supplement and accompanying prospectus relating to the public offering may also be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Prospectus Department, or by telephone at (212) 895-3745 or by email at <a rel=\"nofollow\" href=\"mailto:syndicate@maximgrp.com\">syndicate@maximgrp.com<\/a>. Before you invest, you should read the preliminary prospectus supplement and accompanying prospectus, together with the information incorporated by reference therein, for more complete information about Tivic and the proposed offering. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.<\/p>\n<p>\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.<\/p>\n<p><span class=\"bwuline\"><b>About Tivic<\/b><\/span><\/p>\n<p>\nTivic is a commercial health tech company advancing the field of bioelectronic medicine. Tivic\u2019s patented technology platform leverages stimulation on the trigeminal, sympathetic, and vagus nerve structures. Tivic\u2019s 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. Tivic\u2019s 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. For more information visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Ftivichealth.com&amp;esheet=53443632&amp;newsitemid=20230710749605&amp;lan=en-US&amp;anchor=http%3A%2F%2Ftivichealth.com&amp;index=2&amp;md5=df0ac6adb8cc6c0e40997ec3b5779cb5\">http:\/\/tivichealth.com<\/a> @TivicHealth<\/p>\n<p><span class=\"bwuline\"><b>Forward-Looking Statements:<\/b><\/span><\/p>\n<p>\nThis press release may contain \u201cforward-looking statements\u201d that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontemplate,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cseek,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201ctarget,\u201d \u201caim,\u201d \u201cshould,\u201d \u201cwill\u201d \u201cwould,\u201d or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Tivic Health Systems, Inc.\u2019s current expectations and are subject to inherent uncertainties, risks, and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: risks and uncertainties associated with market conditions and the satisfaction of customary closing conditions related to the proposed public offering; the company\u2019s financial condition; the company\u2019s ability to raise additional capital, if and when necessary; clinical trial results for the company\u2019s product candidates; market, economic and other conditions; supply chain constraints; macroeconomic factors, including inflation; and unexpected costs, charges or expenses that reduce Tivic\u2019s capital resources. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Tivic\u2019s actual results to differ from those contained in the forward-looking statements, see Tivic\u2019s filings with the SEC, including, its Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on March 31, 2023, under the heading \u201cRisk Factors\u201d; as well as the company\u2019s subsequent filings with the SEC. Forward-looking statements contained in this press release are made as of this date, and Tivic Health Systems, Inc. undertakes no duty to update such information except as required by applicable law.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230710749605r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230710749605\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230710749605\/en\/<\/a><\/span><\/p>\n<p><strong><span class=\"bwuline\">Media Contact:<br \/>\n<\/span><\/strong><br \/>Kayleigh Westerfield<br \/>\n<br \/>949-632-3439<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Kayleigh.Westerfield@tivichealth.com\">Kayleigh.Westerfield@tivichealth.com<\/a><\/p>\n<p><strong><span class=\"bwuline\">Investor Contact:<br \/>\n<\/span><\/strong><br \/>Hanover International, Inc.<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@tivichealth.com\">ir@tivichealth.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology General Health Health Consumer Electronics<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230710749605\/en\/1740047\/3\/Tivic_Logo_400x400.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Tivic Health Announces Pricing of $1.8 Million Public Offering of Common Stock SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Tivic Health\u00ae Systems, Inc. (\u201cTivic\u201d, \u201cCompany\u201d, Nasdaq: TIVC), a health tech company that develops and commercializes bioelectronic medicine, today announced the pricing of its previously announced public offering of 32,500,000 shares of its common stock at a public offering price of $0.055 per share. Gross proceeds from the offering are expected to be approximately $1.8 million before deducting placement agent fees and estimated offering expenses. Tivic intends to use the net proceeds of the offering for working capital and general corporate purposes. Maxim Group LLC is acting as the sole placement agent, on a reasonable best-efforts basis for the offering. The closing of the offering &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tivic-health-announces-pricing-of-1-8-million-public-offering-of-common-stock\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Tivic Health Announces Pricing of $1.8 Million Public Offering of Common Stock&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-768582","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tivic Health Announces Pricing of $1.8 Million Public Offering of Common Stock - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tivic-health-announces-pricing-of-1-8-million-public-offering-of-common-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tivic Health Announces Pricing of $1.8 Million Public Offering of Common Stock - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Tivic Health Announces Pricing of $1.8 Million Public Offering of Common Stock SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Tivic Health\u00ae Systems, Inc. (\u201cTivic\u201d, \u201cCompany\u201d, Nasdaq: TIVC), a health tech company that develops and commercializes bioelectronic medicine, today announced the pricing of its previously announced public offering of 32,500,000 shares of its common stock at a public offering price of $0.055 per share. Gross proceeds from the offering are expected to be approximately $1.8 million before deducting placement agent fees and estimated offering expenses. Tivic intends to use the net proceeds of the offering for working capital and general corporate purposes. Maxim Group LLC is acting as the sole placement agent, on a reasonable best-efforts basis for the offering. 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(\u201cTivic\u201d, \u201cCompany\u201d, Nasdaq: TIVC), a health tech company that develops and commercializes bioelectronic medicine, today announced the pricing of its previously announced public offering of 32,500,000 shares of its common stock at a public offering price of $0.055 per share. Gross proceeds from the offering are expected to be approximately $1.8 million before deducting placement agent fees and estimated offering expenses. Tivic intends to use the net proceeds of the offering for working capital and general corporate purposes. Maxim Group LLC is acting as the sole placement agent, on a reasonable best-efforts basis for the offering. 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