Why SuperX AI Technology Stock Was Wilting This Week

According to data compiled by S&P Global Market Intelligence, SuperX AI Technology (NASDAQ: SUPX) was sliding by 25% in price week-to-date as of early Friday afternoon. The company announced that it was tapping institutional investors for a new round of financing, stoking concerns about its financial situation and raising fears about share dilution. On Tuesday, SuperX disclosed in a regulatory filing that on Nov. 11, it entered into a pair of private placement subscription agreements with two institutional investors it did not name. SuperX is selling a total of 1.8 million units, consisting of one ordinary share of the company and one-third of a warrant to purchase a single ordinary share. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool