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Wellness providers supplier Nava Well being MD (OTC:NAVA) has filed for a proposed $12M preliminary public providing.
Nava Well being mentioned in a submitting that it’s contemplating providing 2M shares priced between $5 and $7, which might increase $12M if priced on the midpoint. The corporate hopes to record its shares on Nasdaq below the image NAVA.
Underwriters can be granted a 45-day possibility to purchase as much as 300K further shares and/or warrants to purchase as much as 150K shares, in any mixture. WestPark is serving as lead bookrunner.
Primarily based in Maryland, Nava Well being makes use of proprietary software program to generate data-driven individualized wellness plans. The corporate additionally gives telehealth providers plus on-site providers corresponding to doctor appointments, acupuncture, IV micronutrient therapies and aesthetic therapies at its spa-like places.
Nava Well being at present operates three wellness facilities within the Baltimore/Washington, D.C. space and is planning to open eight extra by the top of 2023.
The corporate has been working within the crimson. For the six months ended June 30, Nava Well being reported a web lack of $171K on income of $6M.
For extra IPO information, take a look at SA’s IPO Information web page.
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