Tivic Health Announces Proposed Public Offering of Common Stock
Portfolio Pulse from Charles Gross
Tivic Health Systems, Inc. (NASDAQ:TIVC), a health tech company, has announced its intention to offer and sell shares of its common stock in a public offering. The net proceeds from the offering will be used for working capital and general corporate purposes. The completion of the offering is subject to market and other conditions. Maxim Group LLC is acting as the sole placement agent for the offering.
July 07, 2023 | 8:36 pm
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Tivic Health Systems plans to raise capital through a public offering of its common stock. The proceeds will be used for working capital and general corporate purposes.
The announcement of a public offering can have mixed effects on a company's stock. On one hand, it can dilute existing shares, potentially leading to a decrease in share price. On the other hand, the raised capital can be used to fund growth, which could have a positive impact in the long term. The actual impact will depend on market conditions and investor sentiment.
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