Webus International is trading 13.65% down now at $9.93 after filing for a potential $75 million at-the-market share offering through Rodman & Renshaw.
- The filing permits periodic ordinary-share sales, creating substantial potential dilution for existing holders.
- Shares closed at $11.50 on August 27 after falling 33.45%, following a volatile run-up earlier in the week.
- Bitcoin is down 0.80% since the prior close, but crypto weakness is too modest to explain the move alone.