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.
The Series A warrants are exercisable immediately and expire in one year, while the Series B warrants expire in five years. Maxim Group LLC is the sole placement agent for the offering.
The company anticipates gross proceeds of approximately $4 million, pending customary closing conditions, with the closing expected around May 13.
How To Buy TIVC Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Tivic Health Systems' case, it is in the Health Care sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, TIVC has a 52-week high of $23.79 and a 52-week low of $0.52.
