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Why is Apptech Corp (APCX) Stock down?

24 Oct, 2023:

Apptech Payments Corp Stock (APCX) dropped by 12.41% from $2.74 to $2.40 in the trading on Tuesday October 24, 2023. The reason why APCX stock down today is because the company disclosed that it is conducting a registered direct offering to an institutional investor. AppTech will issue 1,666,667 shares and corresponding warrants, which can be exercised at $2.74 per share within five years from the issuance date, with possible adjustments.

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