EDHL is trading at $4.56 (8.6% up) after announcing a registered offering of 1.93 million ordinary shares at $4.41 per share following the June 26 close.
- The capital-raising news has triggered a reaction in the low-float momentum name, which has been characterized by extreme volatility and price swings throughout June.
- Speculative interest remains elevated despite recent declines as traders digest the impact of the fresh share issuance.