🔴 HKIT is trading 8.3% down today following a dilutive reverse split and broad market weakness

HKIT is trading 8.3% down at $0.29 as the stock extends a steep multiday slide amid ongoing dilution concerns.

• The move follows a recent 1-for-3 reverse split and a dilutive offering, both of which continue to weigh heavily on market sentiment.
• Selling pressure is being amplified by a broader downturn in risk assets, with Bitcoin down 3.36%, Ethereum down 4.51%, and the NASDAQ dropping 1.71%.
• There are no new company-specific catalysts reported in the latest news flow to explain the continued decline.