Tivic Health Announces Proposed Public Offering Of Common Stock; No Size Or Financial Terms 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.
August 04, 2023 | 8:02 pm
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Tivic Health's announcement of a public offering of its common stock could potentially dilute existing shareholders' equity, which may lead to a short-term negative impact on the stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a decrease in the stock price. However, the impact will depend on the market's perception of the company's use of the proceeds and the terms of the offering.
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