Reported 2 days ago
TMC the Metals Company (NASDAQ:TMC) saw its stock price tumble by 9.7% to $5.12 following the announcement of a planned issuance of 40 million new shares, raising concerns about potential dilution for existing shareholders. This setback comes after the company reported a significant increase in net losses, widening by 268% in the second quarter, partly due to non-recurring charges. Although the issuance has shareholder approval, the market reacted negatively to the news.
Source: YAHOO