Why SeqLL Shares Are Nosediving

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SeqLL Inc SQL shares are trading lower by 19.32% to $1.06 Monday morning after the company announced pricing of an $1.8 million registered direct offering.

What Else?

SeqLL announced that it has entered into a securities purchase agreement with institutional investors to purchase 2,000,000 of its shares of common stock at a purchase price of $0.90 per share of common stock in a registered direct offering.

See Also: What's Going On With Twilio Stock Today?

The offering is expected to close on or about February 15, subject to the satisfaction of customary closing conditions.

According to data from Benzinga Pro, SQL has a 52-week high of $2.40 and a 52-week low of $0.23.

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