Here's Why Future FinTech Group Stock Came Crashing Down Today

Here's Why Future FinTech Group Stock Came Crashing Down Today

Future FinTech announced a registered direct offering on Monday after the market closed. The offering allowed institutional investors to buy 3 million shares of its common stock at just $5 per share. According to Future FinTech's most recent quarterly filing, the company had about 42 million shares outstanding as of Sept. 30, 2020.