DXYZ is trading 5.9% down at $24.10 as investors react to dilution risks from an expanded at-the-market stock sale program and volatility in its premium to net asset value.
- Recent filings detailing the ability to sell up to $1.0 billion of common stock have renewed worries regarding significant share count expansion.
- The price is facing additional pressure from broader weakness in the Nasdaq and cooling sentiment across the technology sector.