🔴 Nocera is trading 7.1% down today following a $100M equity facility filing and reverse split

Nocera is trading at $1.70 (7.1% down) following a 1-for-30 reverse stock split and a new strategic Letter of Intent (LOI) with INERGX.

• The company recently filed an S-3 for a $100 million equity purchase facility, sparking dilution concerns that are weighing on the stock after its sharp post-split rally.
• The decline follows a period of high volatility after the company completed its 1-for-30 reverse stock split last week.
• Investors are balancing the potential growth from the INERGX partnership against the impact of the massive equity facility.