If each share and accompanying warrants are priced at $0.85, does that mean that the share I own now will be worth at least $0.85 when the offering starts? Please enlighten me.
$Tivic Health Systems(TIVC.US$ Tivic Health Systems Inc (NASDAQ:TIVC) shares are trading lower by 61% to $0.52 during Thursday's session after the company disclosed the pricing of its public offering. The offering includes 4.710 million shares of common stock, along with Series A and Series B warrants to purchase additional shares. Each share and accompanying warrants are priced at $0.85.
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103172898 : So when you sell it and own it at the same time, it's already down $0.32