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As of 10:21 AM EST, multiple stocks were declining in the early trading session. Leading the list was Diginex Limited (DGNX) as it dropped by −32.55%, trading at 8.60 USD, with a market cap of 353.96 K USD. The stock plunged on Friday after the company announced closing of the initial public offering of 2.25 million shares at $4.10 per share for gross proceeds of about $9.2 million.
U Power Limited (UCAR) declined by −28.32%, priced at 5.77 USD, with a market cap of 19.49 M USD. The company announced on Friday that it has signed a deal with certain institutional investors for the sale of about 1.04 million Class A shares, or pre-funded warrants, through a registered direct offering. Similarly, Singularity Future Technology Ltd. (SGLY) fell by −24.24%, trading at 2.00 USD, with a market cap of 7.01 M USD.
Midland States Bancorp, Inc. (MSBI) slipped by −17.64%, priced at 20.59 USD, with a market cap of 440.66 M USD. In the electronic technology sector, CTRL Group Limited (MCTR) decreased by −15.91%, trading at 5.71 USD, with a market cap of 85.65 M USD.
Finally, Toppoint Holdings Inc. (TOPP) was down −14.72%, priced at 3.15 USD, with a market cap of 55.13 M USD.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.