Hitek Global Inc. Ordinary Share is trading at $0.67 (8% up) as it attempts a slight recovery following an 84% collapse triggered by a deeply discounted $8 million share offering.
- The move follows news of a registered direct offering of new shares and warrants at deeply discounted prices, which sparked heavy investor selling during the regular session.
- The stock fell approximately 84% earlier as investors reacted to significant dilution concerns and the company's history of reverse splits and repeat capital raises.