Neo-Concept International Group is trading at $1.12, up 5.66% in after-hours trading; available reporting does not establish the offering as the reason for the rise.
- Shares closed at $1.06 on October 1, after falling 15.87% during the regular session.
- The company announced a registered direct offering of 2,000,000 Class A shares at $1.00 each, for approximately $2 million in gross proceeds. Investors may elect to purchase up to 200% additional shares or warrants; closing was expected around October 1.