Stock Track | Quantum-Si Plunges 8.62% After-hours as $50 Million Stock Offering Announced

Stock Track

Jan 04, 2025

Quantum-Si Inc. (QSI) shares plunged 8.62% in after-hours trading on Friday, following the company's announcement of a $50 million registered direct offering of common stock. The company plans to sell 15,625,000 shares at a price of $3.20 per share, to raise gross proceeds of approximately $50 million before deducting placement agent commissions and other expenses.

The offering, which is expected to close on or about January 6th, 2025, is being made under Quantum-Si's existing shelf registration statement. The company intends to use the net proceeds from the offering for working capital and general corporate purposes.

Direct stock offerings often put downward pressure on a company's stock price, as they dilute the value of existing shares. Investors appeared to react negatively to Quantum-Si's offering announcement, sending the stock down 8.62% in after-hours trading on Friday.

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(QSI) shares plunged 8.62% in after-hours trading on Friday, following the company's announcement of a $50 million registered direct offering of common stock. The company plans to sell 15,625,000 shares at a price of $3.20 per share, to raise gross proceeds of approximately $50 million before deducting placement agent commissions and other expenses.</p>\n\n<p>The offering, which is expected to close on or about January 6th, 2025, is being made under Quantum-Si's existing shelf registration statement. The company intends to use the net proceeds from the offering for working capital and general corporate purposes.</p>\n\n<p>Direct stock offerings often put downward pressure on a company's stock price, as they dilute the value of existing shares. 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(QSI) shares plunged 8.62% in after-hours trading on Friday, following the company's announcement of a $50 million registered direct offering of common stock. The company plans to sell 15,625,000 shares at a price of $3.20 per share, to raise gross proceeds of approximately $50 million before deducting placement agent commissions and other expenses.</p>\n\n<p>The offering, which is expected to close on or about January 6th, 2025, is being made under Quantum-Si's existing shelf registration statement. The company intends to use the net proceeds from the offering for working capital and general corporate purposes.</p>\n\n<p>Direct stock offerings often put downward pressure on a company's stock price, as they dilute the value of existing shares. Investors appeared to react negatively to Quantum-Si's offering announcement, sending the stock down 8.62% in after-hours trading on Friday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QSI","symbol_name":"Quantum-Si Inc.","start_time":0,"source_url":"","article_id":"1175828647","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175828647","pubTimestamp":1735939948,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Quantum-Si Inc.  shares plunged 8.62% in after-hours trading on Friday, following the company's announcement of a $50 million registered direct offering of common stock. 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