Tivic Health Announces Proposed Public Offering Of Common Stock; No Size Disclosed
Portfolio Pulse from Happy Mohamed
Tivic Health Systems, Inc. (NASDAQ:TIVC) has announced its intention to offer and sell shares of its common stock in a public offering. The 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 14, 2023 | 8:04 pm
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Tivic Health's announcement of a public offering of its common stock could potentially dilute existing shareholders' equity, but also provide the company with additional capital for operations.
Public offerings often lead to dilution of existing shareholders' equity, which can negatively impact the stock price. However, the additional capital raised can be used to fund operations and growth, which could have a positive impact on the company's future performance. The net effect on the stock price will depend on investor sentiment and the market's perception of the company's growth prospects.
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