Zhitong Financial APP learned that$Nava Health MD (NAVA.US)$On Monday, it revised the terms of the upcoming IPO and now plans to issue 3 million shares at a price of $5 to $7 a share, raising $18 million. The company had previously applied for an allotment of 2 million shares at the same price range. Under the revised terms, Nava Health MD will raise 51 per cent more money through IPO than previously expected. It plans to go public on Nasdaq under the symbol NAVA.

Nava is a health care institution that combines traditional medicine, functional medicine, holistic medicine and regenerative medicine. The company uses proprietary software it owns and develops to provide personalized health care routes for patients, provides medical services through three offline locations in Baltimore and the Washington metropolitan area, and provides telemedicine services locally and in 12 states.

It is reported that Nava Health MD was founded in 2014 and earned $11 million in the 12 months ended September 30, 2022. WestPark Capital is the only bookkeeper for the IPO.