Hitek Global Inc. Ordinary Share is trading 12.5% down at $0.28 as traders react to a heavily dilutive $8 million registered direct offering that sharply boosts the share count.
- The offering includes 4 million new Class A shares and attached warrants, which has significantly soured investor sentiment regarding the increased share supply.
- The downward move extends a post-offering slide from last week, pressuring the high-volatility stock despite a broader rebound in U.S. equity markets.