Faegre Baker Daniels represented Tactile Systems Technology, Inc. (Tactile Medical) in a public offering of $125 million of common stock by certain of its stockholders
Tactile Systems Technology, Inc. (“Tactile Medical” or the “Company”) (Nasdaq:TCMD), a medical technology company focused on developing medical devices for the treatment of chronic diseases at home, today announced that certain of its stockholders intend to offer and sell, collectively, 2,750,000 shares of Tactile Medical common stock in an underwritten offering, subject to market and other conditions. There can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering. In connection with the offering, the selling stockholders intend to grant the underwriters an option to purchase up to an additional 412,500 shares. Tactile Medical will not receive any proceeds from the offering.
William Blair & Company, L.L.C. and Piper Jaffray & Co. are acting as joint book-running managers, and Guggenheim Securities, LLC is acting as joint passive bookrunner in the offering. Canaccord Genuity Inc. is acting as co-manager.
Jon Zimmerman (Picture), the head of FaegreBD’s capital markets practice, and Christine Long, led the team along with Anne Kruger and Jonny Nemani.
Law Firms: Faegre Baker Daniels;
Clients: Tactile Systems Technology Inc.;