Aspira Women's Health shares are trading lower after the company announced a registered direct offering of around 1.7 million shares at $2.75/share and $3.98/share for directors & officers, for gross proceeds of approximately $4.7 million.
Portfolio Pulse from Benzinga Newsdesk
Aspira Women's Health announced a registered direct offering of around 1.7 million shares at $2.75/share and $3.98/share for directors & officers, aiming to raise approximately $4.7 million. This news led to a decrease in the company's share price.
July 20, 2023 | 12:44 pm
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NEGATIVE IMPACT
Aspira Women's Health's stock price is expected to be negatively impacted in the short term due to the announcement of a direct offering of shares.
The announcement of a direct offering of shares often leads to a decrease in the company's stock price as it dilutes the value of existing shares. This is likely the reason for the drop in Aspira Women's Health's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100