Neptune Wellness Solutions Inc (NEPT)

Neptune Wellness Solutions Inc. (NEPT) shares dipped 59.75% to $1.61 after the company announced pricing of a $4.5 million public offering of 1.8 million shares at $2.50 per share.

https://investorplace.com/2023/09/why-is-neptune-wellness-solutions-nept-stock-down-44-today/

Neptune Wellness Solutions Inc Stock (NEPT) dropped by 45.7% from $16.2 to $8.8 in the trading on Thursday May 11, 2023. The reason why NEPT stock down today is due to the announcement of public offering. Neptune Wellness announced a public offering of 12.1 million shares priced at 33 cents each, raising $4 million. Each share includes a warrant to purchase another NEPT share for 33 cents, expiring in five years. Investors punished the dilution and devaluation, sending NEPT tumbling sharply today.