Why Tivic Health (TIVC) Stock Is Down Over 40%
Portfolio Pulse from Henry Khederian
Tivic Health Systems Inc's stock is down by 46% after the company priced its public offering of 32.5 million shares at $0.055 per share. The offering is expected to generate approximately $1.8 million in gross proceeds. The company intends to use the net proceeds for general corporate purposes and working capital.
July 10, 2023 | 1:55 pm
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NEGATIVE IMPACT
Tivic Health's stock price has dropped significantly due to the low pricing of its public offering. This could potentially impact investor confidence in the short term.
The company's decision to price its public offering at a low price has led to a significant drop in its stock price. This could potentially lead to a loss of investor confidence in the short term, further impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100