FreeCast is trading 5.5% down now at $2.41 as investors remain focused on dilution from its recently priced $23.7 million private placement and large share/warrant issuance.
- The market is currently digesting the expanded share count and potential overhang from new institutional and long-term investors participating in the deal.
- The stock has maintained a downward trend over the past week following the announcement of the capital raise.