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Benzinga

Business

Henry Khederian

Why Evofem Biosciences Shares Are Getting Hammered Today

Evofem Evofem Biosciences Nasdaq

Evofem Biosciences Inc (NASDAQ:EVFM) shares are trading lower by 59.76% at $0.44 after the company announced the pricing of a roughly $26.6 million public offering.

Evofem says the company intends to use the net proceeds from the offering for the continuation of commercialization activities related to its commercial product, Phexxi®. The offering is expected to close on or about May 24, 2022, subject to satisfaction of customary closing conditions.

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Nearly 39,500 tonnes of illegally dumped waste cleared from Hoad’s Wood, Kent after £15.5M clean-up

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James Talarico returns to campaign trail at ACL festival after illness spurred GOP calls for “proof of life”

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Sexual assault survivor Nancy Mace appears to blast victim in ‘Cornell 7’ case

Sexual assault survivor Nancy Mace appears to blast victim in ‘Cornell 7’ case

Nancy Mace suggested the Cornell University Jane Doe participated in a ‘consensual gangbang’

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