Tivic Health Announces Pricing Of $1.8M Public Offering Of 32.5M Shares Of Common Stock At A Price Of $0.055/Share
Portfolio Pulse from Happy Mohamed
Tivic Health Systems, Inc. (NASDAQ:TIVC) has announced the pricing of its public offering of 32.5 million shares at $0.055 per share, expecting to raise approximately $1.8 million before fees and expenses. The proceeds will be used for working capital and general corporate purposes. The offering is expected to close on July 11, 2023.
July 10, 2023 | 12:42 pm
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Tivic Health's public offering of 32.5 million shares could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a decrease in stock price. However, the funds raised can also provide the company with needed capital for growth and operations, which could have positive long-term effects.
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