Quantum-Si Shares Plunge Due to $50 Million Direct Sale Terms

Investing.com -- Quantum-Si shares showed a performance decline of 19% following the announcement of a registered direct offering. The company disclosed plans to raise approximately $50 million in gross proceeds to be used for working capital and other general corporate purposes. The registered direct offering involved the sale of Quantum-Si shares and experienced significant trading volume, with about 2.27 million shares changing hands after the market closed. The offering price reflects a discount of 25.4% compared to the company's last closing price, which likely contributed to the sharp drop observed in the stock value during market closing hours. As of November 7, Quantum-Si had 122.8 million shares outstanding, of which 96.8 million were publicly traded.