🔴 Hitek Global Inc. Ordinary Share is trading 9.5% down today, extending a multi-day collapse following a dilutive $8M offering

Hitek Global Inc. Ordinary Share is trading at $0.41 (9.5% down), extending a brutal multi-day collapse from its June 1 price of $6.58.

• Selling pressure remains intense following a heavily dilutive ~$8 million registered direct offering of new shares and warrants, which has significantly increased the float and damaged investor sentiment.
• The stock is facing additional sector headwinds from a weak crypto market, with Bitcoin and Ethereum both trading down 3–4% over the last 24 hours.