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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100