AMPX is trading 4.4% down today at $15.16, extending a sharp two-day slide following the finalization of a public warrant exchange into common stock.
- The issuance of 2.7 million shares in exchange for 7.1 million warrants is weighing on the stock as investors reassess near-term dilution.
- Selling pressure is being amplified by profit-taking following a strong multi-month rally and a generally weak broader market environment.