Tivic Health Systems, Inc.’s (NASDAQ:TIVC) Lock-Up Period To Expire on May 10th

Tivic Health Systems’ (NASDAQ:TIVC – Get Rating) lock-up period is set to expire on Tuesday, May 10th. Tivic Health Systems had issued 3,000,000 shares in its initial public offering on November 11th. The total size of the offering was $15,000,000 based on an initial share price of $5.00. After the end of Tivic Health Systems’ lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Shares of TIVC stock opened at $1.49 on Tuesday. The stock has a fifty day moving average price of $1.52. Tivic Health Systems has a 1 year low of $1.23 and a 1 year high of $6.50.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Tivic Health Systems in the 4th quarter worth $35,000. Schonfeld Strategic Advisors LLC acquired a new stake in Tivic Health Systems during the 4th quarter worth about $42,000. Finally, Kepos Capital LP acquired a new stake in Tivic Health Systems during the 4th quarter worth about $233,000. Institutional investors own 1.31% of the company’s stock.

About Tivic Health Systems (Get Rating)

Tivic Health Systems Inc operates as a bioelectronic device company that delivers non-invasive neuromodulation products for the treatment of inflammatory conditions. The company's primary product, ClearUP, is a medical device intended to relieve sinus and nasal inflammation. It sells its products on direct-to-consumer channel through its own websites and platforms, such as Amazon.com, as well as to major U.S.

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