YXT ADR Collapses After Sub-Market Direct Offering; $1.05M Gross Proceeds Planned
Shares of YXT.Com Group Holding Ltd ADR (NASDAQ: YXT) plunged 64.3% on Thursday after the company disclosed a direct offering of 150,000 American Depositary Shares priced at $7 per ADS, a level described as below prevailing market prices. The offering is projected to raise about $1.05 million in gross proceeds before fees and expenses, and is expec…