Tivic Health Secures $16M Debt Financing Led by 3i for Manufacturing Asset Acquisition
Tivic Health Systems, Inc. TIVC | 0.97 | -3.90% |
Tivic Health Systems Inc. has secured a new financing package led by 3i, LP to support its recent acquisition of manufacturing and development assets. The agreement includes $16 million in debt financing designated for the purchase of assets, equipment, and facility improvements. Additionally, Tivic has access to up to $75 million in preferred convertible equity, with $18 million available in two near-term tranches and the remainder at the company's discretion, subject to certain conditions. An affiliate of 3i, LP is also expected to provide Tivic with a $50 million equity line of credit to further support its growth initiatives.
