Aeva Technologies, Inc. is trading 10.3% down at $21.89 after the company priced a $100 million follow-on stock offering below recent market levels.
- The offering consists of 4,494,382 new common shares priced at $22.25 per share, triggering investor concerns regarding share dilution.
- The stock is facing additional downward pressure as part of a broader sell-off across the technology and growth sectors.