Tech Company Inital Public Offerings

Tactile Systems Technology IPO

Tactile Systems Technology, based in Minneapolis, debuted as a public company on 7/28/2016.

Transaction Overview

Announced On
7/28/2016
Transaction Type
IPO
Amount
$40,000,000
Proceeds Purpose
We intend to use the net proceeds from this offering primarily as follows: approximately $5.0 million to expand our sales and marketing activities; approximately $5.0 million to expand our product development activities; approximately $3.0 million to expand our reimbursement and clinical activities; approximately $8.2 million to pay the cumulative accrued dividends to our Series A preferred stockholders (assuming a closing date of August 1, 2016 and an initial public offering price of $10.00 per share) as described in "Dividend Policy"; and the remainder for working capital, general and administrative expenses and other general corporate purposes.

Company Information

Company Status
Publicly-held
Industry
Medical Devices & Instruments
Mailing Address
1331 Tyler St. NE 200
Minneapolis, MN 55413
USA
Email Address
Overview
Tactile Systems Technology, Inc. (NASDAQ: TCMD) was founded in 1995 to develop and market a medical device for the effective treatment of lymphedema and venous insufficiencies. The Flexitouch Lymphedema System, Tactile System's patented 2-Phase Lymph Preparation & Drainage therapy system, is the result of over six years of research and development.
Profile
Tactile Systems Technology LinkedIn Company Profile
Social Media
Tactile Systems Technology Company Twitter Account
Company News
Tactile Systems Technology News
Facebook
Tactile Systems Technology on Facebook
YouTube
Tactile Systems Technology on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Jerry Mattys
  Jerry Mattys LinkedIn Profile  Jerry Mattys Twitter Account  Jerry Mattys News  Jerry Mattys on Facebook
Chief Financial Officer
Brent Moen
  Brent Moen LinkedIn Profile  Brent Moen Twitter Account  Brent Moen News  Brent Moen on Facebook
Chief Operating Officer
Robert Folkes
  Robert Folkes LinkedIn Profile  Robert Folkes Twitter Account  Robert Folkes News  Robert Folkes on Facebook
VP - Human Resources
Juleen Krings
  Juleen Krings LinkedIn Profile  Juleen Krings Twitter Account  Juleen Krings News  Juleen Krings on Facebook
VP - Marketing
Darren Wennen
  Darren Wennen LinkedIn Profile  Darren Wennen Twitter Account  Darren Wennen News  Darren Wennen on Facebook
VP - Sales
Bryan Rishe
  Bryan Rishe LinkedIn Profile  Bryan Rishe Twitter Account  Bryan Rishe News  Bryan Rishe on Facebook


 

 

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