Tivic Health shares are trading lower after the company priced public offering of 32.5 million shares at $0.055/share.
Portfolio Pulse from Benzinga Newsdesk
Tivic Health has priced its public offering of 32.5 million shares at $0.055 per share, leading to a decrease in its stock price.
July 10, 2023 | 12:52 pm
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Tivic Health's stock price is expected to decrease in the short term due to the pricing of its public offering at a lower rate.
The company's decision to price its public offering at $0.055 per share, which is likely lower than its current trading price, has led to a decrease in its stock price. This is because the lower offering price dilutes the value of existing shares, leading to a decrease in the stock price.
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