Hitek Global Inc. Ordinary Share is trading at $0.40 (-11%) in after-hours trading following a heavily dilutive $8 million registered direct offering of new shares and warrants.
- The move extends a steep slide from the June 1 high of $6.58 as the offering significantly increases the company's outstanding share count.
- The decline is further amplified by broader risk-off pressure in the cryptocurrency market, with Bitcoin down 2.75% and Ethereum down 1.89% since the prior close.