Secures Highly Dilutive $50M Equity Line of Credit with Deep Discount and Issues Pre-Funded Warrants
TIVC sits 17% above its 52-week low of $0.78.
Summary
Tivic Health Systems secured a $50 million equity line of credit with Tumim Stone Capital, allowing the company to sell shares at a deep discount to market prices, and issued pre-funded warrants as a commitment fee.
Key Events · Financing and Capital Events · TIVC
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Establishes $50 Million Equity Line of Credit
The company entered into a Common Stock Purchase Agreement with Tumim Stone Capital, LLC, granting Tivic Health the right, but not the obligation, to sell up to $50,000,000 of newly issued common stock.
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Shares to be Sold at Deep Discount
Shares purchased under the agreement will be priced at a discount, specifically 97% of the volume-weighted average price (VWAP) for a one-day valuation period or 95% of the lowest daily VWAP for a three-day valuation period.
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Issues Pre-Funded Warrants as Commitment Fee
As consideration for the commitment, Tivic Health issued pre-funded warrants to purchase 437,012 shares of common stock to Tumim Stone Capital at a nominal exercise price of $0.0001 per share.
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Initial Dilution Limited by Exchange Cap
The company is initially limited to issuing shares not exceeding 19.99% of its outstanding common stock (506,848 shares) without shareholder approval, unless the average sale price equals or exceeds $1.02 per share. Given the current stock price of $0.91, this cap is likely in effect.
Analysis · TIVC · Industrial Applications And Services
Tivic Health Systems, a nano-cap company, has entered into a highly dilutive equity line of credit agreement for up to $50 million with Tumim Stone Capital, LLC. This financing, which follows a recent shareholder vote seeking approval for dilutive agreements, provides a critical capital infusion but at a significant cost to existing shareholders. The shares will be sold at a deep discount to the market price (95-97% of VWAP), and a substantial commitment fee was paid in the form of pre-funded warrants. Given the company's small market capitalization, the potential for $50 million in dilution is extreme, even with an initial 19.99% exchange cap. This type of financing is often a last resort for companies facing severe liquidity challenges, indicating significant financial distress and placing considerable downward pressure on the stock.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 41.9% of the 327 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.46%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TIVC was trading at $0.91 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $2.3M. The 52-week trading range was $0.78 to $15.64. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.