🔴 Aeva Technologies, Inc. is trading 6.3% down today, shrugging off a new city partnership as post-offering weakness and a tech sell-off prevail

Aeva Technologies, Inc. is trading 6.3% down at $20.78, as positive news of a new city partnership was not enough to offset the lingering effects of its recent stock offering and a wider technology sector downturn.

• The company today announced that the city of Fargo, North Dakota, selected its AI-powered CityOS™ platform for deployment across multiple intersections.
• This news was overshadowed by the continued market digestion of its recent $115 million stock offering, priced at $22.25 per share.
• A broad sell-off in technology and AI-related stocks on the same day added to the downward pressure on the shares.