By Stephen Nakrosis
Shares of Cloudastructure, which began trading on the Nasdaq on Jan. 30, were in the red on Thursday, after the company filed a prospectus for the sale of some 7.8 million shares of its Class A common stock by selling shareholders.
The company's shares have finished lower every session since their Jan. 30 debut. On Thursday, the shares were down 12.6%, at $7.24.
Also on Thursday, Cloudastructure said it would double the size of its salesforce to meet growing demand for advanced security solutions.
The company provides cloud-based artificial intelligence video surveillance and remote guarding solutions.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
February 06, 2025 13:32 ET (18:32 GMT)
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