Boqii Holding stock plunges after announcing $4.2 million share offering By Investing.com
Update: 2025-11-03
Description
Boqii Holding's stock plummeted by nearly 17% after announcing a new stock deal to raise $4.2 million. The company plans to sell new shares directly to investors, diluting current shareholders' ownership. The deal involves selling 1.5 million Class A ordinary shares at $2.80 each, with some investors receiving pre-funded warrants. The transaction is expected to close by November 4, 2023, but concerns remain about how the company will use the new funds. Investors are watching closely to see if the extra cash can help Boqii expand and navigate China's competitive pet industry.
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