Hitek Global Inc. Ordinary Share is trading at $0.45 (36.4% up) in pre-market following a volatile stretch and the announcement of an $8 million registered direct offering.
- The recent price action follows the June 4 announcement of a dilutive registered direct offering, which has contributed to a period of high volatility for the stock.
- The move comes despite a softer backdrop for risk assets, with Nasdaq futures trading lower and crypto sentiment dampened by declines in Bitcoin and Ethereum.