🔴 Femasys is trading 5.6% down today as investors continue reacting negatively to $30 million placement

Femasys is trading 5.6% down now at $2.51 as investors continue reacting negatively to the $30 million private placement announced August 7.

• The deal includes 9,374,999 shares or pre-funded warrants, plus warrants covering 18,749,998 additional shares, creating substantial potential dilution.
• The financing is priced at $3.20 per share, with closing expected around August 10.
• Femasys had already fallen 9.83% on August 7.