PowerBank is trading 5.5% down at $0.64 as the market continues to digest its recent $4.2 million registered direct offering of 7 million new shares to institutional investors.
- Investors remain focused on share dilution and the company's sub-$40 million market capitalization, which is maintaining downward pressure on the stock.
- The selling persists despite a positive growth narrative tied to the company's involvement in U.S. federal energy projects.