OUST is trading 5.7% down at $47.00 after investors reacted negatively to a deeply discounted $200 million public stock offering.
- The company priced 3,621,876 new shares at $55.22, representing a significant discount to the prior closing price of $60.02.
- The offering has triggered widespread dilution concerns, extending a selloff that began when the capital raise was first announced last week.