Tivic Health Prices $1.4M Public Offering Of 33.17M Shares Of Common Stock At $0.041/Share
Portfolio Pulse from Benzinga Newsdesk
Tivic Health has priced its public offering of 33.17 million shares of common stock at $0.041 per share, raising $1.4 million.
August 07, 2023 | 5:01 am
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NEGATIVE IMPACT
Tivic Health's public offering of 33.17 million shares at $0.041 per share could potentially dilute existing shareholders' equity.
The public offering of new shares by Tivic Health will increase the total number of shares outstanding. This could dilute the value of existing shares if the demand for the new shares is not strong enough to maintain the current share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100