Tivic Health Announces Pricing Of $2.1M Public Offering Of 51.25M Shares Of Common Stock For $0.04/Share
Portfolio Pulse from Benzinga Newsdesk
Tivic Health has announced the pricing of its public offering of 51,250,000 shares of common stock at $0.04 per share, raising $2.1 million.
July 17, 2023 | 12:32 pm
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Tivic Health's public offering of 51,250,000 shares at $0.04 per share could dilute existing shareholders' equity.
The public offering of such a large number of shares at a relatively low price could lead to dilution of existing shareholders' equity. This could potentially put downward pressure on the stock price in the short term.
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