The Zhitong Finance App learned that healthcare service provider Nava Health MD (NAVA.US) revised the terms of the upcoming IPO on Monday. The company currently plans to issue 2.7 million shares at a price of 5 to 7 US dollars, raising 16 million US dollars. Previously, it applied to issue 3 million shares in the same price range to raise 18 million US dollars. According to the revised terms, Nava Health MD's funding amount will be reduced by 10% from previous expectations, with a market capitalization of 83 million US dollars. The company initially applied to issue 2 million shares.

According to information, Nava Health MD is a healthcare institution that combines traditional medicine, functional medicine, holistic medicine, and regenerative medicine. The company uses proprietary software to provide patients with personalized health care plans. Nava also provides medical services through three offline stores in the Baltimore and Washington metropolitan areas, and telemedicine services locally and in 12 states.

Nava Health MD was founded in 2014 and had revenue of $11 million for the 12 months ending September 30, 2022. The company plans to be listed on the NASDAQ under the ticker symbol NAVA. Westpark Capital is the sole bookkeeping manager for this IPO.