Tivic Health Systems shares are trading lower after the company announced pricing of a $2.1 million public offering of common stock.
Portfolio Pulse from Benzinga Newsdesk
Tivic Health Systems has announced the pricing of a $2.1 million public offering of common stock, leading to a decrease in its share price.
July 17, 2023 | 12:36 pm
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Tivic Health Systems' stock price is trading lower after the company announced a $2.1 million public offering of common stock.
The announcement of a public offering often leads to a decrease in the company's stock price. This is because it dilutes the value of existing shares, leading to a decrease in earnings per share. In this case, Tivic Health Systems' announcement of a $2.1 million public offering has led to a decrease in its share price.
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