Why Rezolve AI Stock Plummeted by 23% Today
A new, relatively sizable stock offering from Rezolve AI (NASDAQ: RZLV) led to a sell-off of the company's equity on Tuesday. Enough investors bailed from the specialty artificial intelligence (AI) company to push its stock price down by almost 23%.
That morning, Rezolve AI announced it had reached agreements with institutional investors to sell those entities 62.5 million freshly minted shares of its ordinary stock. The price is $4 per share, which is below the $4.61 closing price on the previous trading day.
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Source Fool.com
