Why Aspira Women's Health Shares Are Diving 37% Lower Today

Aspira Women's Health Inc AWH shares are trading lower by 37.50% to $0.55 during Tuesday's pre-market session after the company announced a common stock offering.

What Else?

Per Aspira, gross proceeds from the offering are expected to be $9.0 million, before deducting underwriting discounts and commissions and offering expenses payable by the company.

Aspira intends to use the net proceeds from the offering for working capital and other general corporate purposes, including product portfolio expansion and commercialization. Aspira may also use a portion of the net proceeds from the offering to invest in complimentary businesses, strategic partnerships, technologies or other intellectual property.

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According to data from Benzinga Pro, Aspira has a 52-week high of $3.92 and a 52-week low of $0.32.