🟢 Webus International is trading 15.16% up in pre-market after prior-session offering-driven selloff

Webus International is trading 15.16% up at $19.90 following the prior-session offering-driven selloff.

• On August 26, shares fell 38.96% to $17.28 after Wetour Robotics filed an at-the-market offering for up to $75 million in ordinary shares through Rodman & Renshaw, raising substantial dilution concerns.
• No new company-specific catalyst explaining the August 27 pre-market rebound was identified.
• Bitcoin and Ethereum rose 0.80% and 1.18%, respectively, while technology sentiment improved.