Zyversa Therapeutics Inc (ZVSA)

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.