VCI Global stock falls after $5 million registered direct offering By Investing.com
Update: 2025-10-31
Description
On Halloween, a consulting firm's stock plummeted by nearly 12% after announcing a $5 million registered direct offering, priced at $1.80 per share. The company sold nearly 2.8 million shares to a single institutional investor, with Rodman and Renshaw as the placement agent. The deal, if finalized next October, will fund working capital and general corporate purposes, but it's caused a short-term drop in share price, leaving investors with mixed feelings about the company's financial move.
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