Why Green Giant (GGE) Shares Are Down 40%

Green Giant Inc. GGE shares are trading lower by 40% to $0.15 Monday afternoon after the company initiated a public offering of units, each containing one share of common stock, along with Class A and Class B common warrants for purchasing additional shares.

Green Giant itself is offering all the shares and warrants. The completion and specifics of the offering are subject to market conditions and other factors, with no guaranteed completion or defined terms at this stage.

Maxim Group LLC serves as the sole placement agent for this offering.

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According to data from Benzinga Pro, GGE has a 52-week high of $3.30 and a 52-week low of $0.15.