Aspira Women’s Health tumbles on stock deal

Aspira Women's Health

22/08/2022 21:37

** Shares of Aspira Women’s Health Inc  AWH.O  down nearly
25% after hours as it seeks equity
    ** Co launches stock offering with William Blair as sole
bookrunner; deal size not disclosed  urn:newsml:reuters.com:*:nGNXbRsCnD
    ** Co to use net proceeds for general corp purposes,
including portfolio expansion and commercialization, among other
uses
    ** On Aug 10, co reported Q2 product rev increased 17% yr/yr
to $2 mln and grew OVA1plus volume by 19% to 5,411 units
 urn:newsml:reuters.com:*:nGNX7kr3pW
    ** Shares finished regular session on Mon down 5.9% at
$0.88, extending YTD loss to 50%
    ** Co has 112.3 mln shares outstanding and ~56.9 mln of free
float, per Refinitiv data

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))