ZyVersa Therapeutics Inc (ZVSA)

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Why is ZyVersa Therapeutics Inc (ZVSA) Stock down?

We've noticed a 6.62% decline in ZyVersa Therapeutics Inc (ZVSA) stock during the 2024-05-15 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

07 Dec, 2023:

ZyVersa Therapeutics Inc Stock (ZVSA) dropped by 46.26% from $2.14 to $1.15 in the trading on Thursday December 07, 2023. The reason why ZVSA stock down today is due to the announcement of public offering. The company priced a public offering of 4 million shares (or warrants) at $1.25 each, aiming to raise $5 million. These shares come with Series A and B warrants allowing the purchase of up to 8 million shares at the same price. The offering is expected to close around December 11, and the company plans to use the funds for general corporate purposes and working capital.