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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Invuity, Inc. (delisted) | NASDAQ:IVTY | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.39 | 1.90 | 199,999.99 | 0 | 01:00:00 |
The MidCap facility consists of a $30 million term loan divided in two tranches. The first tranche of $20 million was funded upon closing of the original agreement on March 10, 2017. The $10 million second tranche was funded on September 26, 2017. The MidCap agreement requires the Company to maintain certain minimum net revenue requirements, which have been adjusted in the amended agreement.
The MidCap facility also consists of a $10 million revolving credit facility (revolver) of which $3.5 million was drawn down as of June 30, 2017. The revolver may be increased to $20 million at a later date at the Company’s request and with approval from MidCap.
“We appreciate MidCap’s ongoing support of Invuity as we continue to scale the business,” said Philip Sawyer, Invuity’s Chief Executive Officer.
About Invuity®
Invuity, Inc. is a leading medical technology company focused on developing and marketing advanced surgical devices to improve the ability of physicians to perform minimal access surgery through smaller and hidden incisions. The company's patented Intelligent Photonics™ technology delivers enhanced visualization which facilitates surgical precision, efficiency and safety. In addition, the company utilizes comprehensive strategic marketing programs to create stronger institutional partnerships. Clinical applications include women’s health, encompassing breast cancer and breast reconstruction surgery, gynecology and thyroid surgery. Additional applications include procedures for electrophysiology, spine, orthopedic, cardiothoracic, and general surgery. Invuity is headquartered in San Francisco, CA. For more information, visit www.invuity.com.
About MidCap Financial
MidCap Financial is a middle market-focused, specialty finance firm that provides senior debt solutions to businesses across all industries. The firm’s years of experience, strong balance sheet, and flexibility make it a lender of choice for companies across all stages of growth and complexity.
MidCap Financial’s debt solutions focus in five areas:
Additional information about MidCap Financial can be found at www.midcapfinancial.com.
CONTACT:
Company Contact:Jim MackanessChief Financial OfficerInvuity, Inc.415-655-2129
Investors:Mark KlausnerWestwicke Partners443-213-0501irdept@invuity.com
1 Year INVUITY, INC. Chart |
1 Month INVUITY, INC. Chart |
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