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Why Huadi (HUDI) Shares Are Getting Hammered Today – Huadi International Group (NASDAQ:HUDI) – Stocks to Watch
  • Wed. May 15th, 2024
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Why Huadi (HUDI) Shares Are Getting Hammered Today – Huadi International Group (NASDAQ:HUDI)

ByShivani Kumaresan

Nov 7, 2022
Why Huadi (HUDI) Shares Are Getting Hammered Today - Huadi International Group (NASDAQ:HUDI)

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  • Huadi International Group Co HUDI has entered into a securities purchase agreement with two institutional investors for a registered direct offering of $25 million of its shares.

  • The offering is expected to close on or about November 9, 2022.

  • The offering consists of selling 1 million ordinary shares in a registered direct offering at a purchase price of $25.00 per ordinary share.

  • The purchase price represents a 86% discount from the previous close on November 4.

  • The stock gained more than 480% in the last 2 trading sessions.

  • Univest Securities, LLC is acting as the exclusive placement agent for this offering.

  • Price Action: HUDI shares are trading lower by 90.22% at $17.61 on the last check Monday.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Image and article originally from www.benzinga.com. Read the original article here.

Shivani Kumaresan

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