WiMi Hologram Cloud Shares Fall Pre-Bell After Filing for Potential Offering

MT Newswires Live

2024/12/30

WiMi Hologram Cloud (WIMI) shares were down more than 15% premarket Monday after the company said it filed for a potential offering of securities for an aggregate offering price of up to $300 million.

In a preliminary filing with the Securities and Exchange Commission, the company said it may sell class B ordinary shares, preferred shares, warrants, debt instruments, subscription rights or any combination thereof.

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