Why Tivic Health Systems (TIVC) Stock Is Down 40%
Portfolio Pulse from Henry Khederian
Tivic Health Systems Inc's (TIVC) stock price has fallen by 40% after the company priced its $1.4 million public offering of 33.17 million shares at $0.041 per share. The proceeds will be used for working capital and general corporate purposes. The offering is set to close around August 9, subject to standard conditions. Maxim Group LLC is the sole placement agent for the offering.
August 07, 2023 | 1:58 pm
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Tivic Health Systems' stock price has dropped significantly due to the pricing of its public offering. This could potentially impact investor confidence in the short term.
The company's decision to price its public offering at $0.041 per share, which is significantly lower than its 52-week high of $2.68, has led to a sharp drop in its stock price. This could potentially lead to a loss of investor confidence in the short term.
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IMPORTANCE 80
RELEVANCE 100