Webus International is trading 10.61% down in pre-market at $23.25 after investors reacted to the August 24 extraordinary meeting and its scheduled votes.
- Shareholders will vote on a 100-for-1 reverse split and increasing authorized shares to 2 trillion.
- The proposals raise dilution concerns, while the stock’s thin float has amplified volatility.
- BTC is up 1.28% and ETH 2.01%, so crypto markets do not explain the decline.