Tivic Health shares are trading lower after the company priced $1.4 million public offering of 33.17 million shares at $0.041/share.
Portfolio Pulse from Benzinga Newsdesk
Tivic Health has priced a public offering of 33.17 million shares at $0.041/share, raising $1.4 million. Following this news, the company's shares are trading lower.
August 07, 2023 | 8:11 am
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Tivic Health's stock price is trading lower after the company priced a public offering of 33.17 million shares at $0.041/share.
The company's decision to price a public offering of 33.17 million shares at $0.041/share has led to a decrease in the stock price. This is likely due to the dilution of shares, which reduces the value of existing shares. The market's reaction to this news is negative, hence the drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100