DirectBooking shares rise 18.76% premarket after securing $15M in PIPE financing from 16 non-U.S. investors.

DirectBooking Technology surged 18.76% in premarket trading following the announcement that it secured $15 million in PIPE financing from 16 non-U.S. investors. The transaction, involving the issuance of 100 million shares, provides immediate liquidity and signals investor confidence in the company’s growth prospects. This capital raise contrasts with recent bearish sentiment, as the stock had plummeted 28% in the preceding month. The premarket rally suggests the market is interpreting the funding as a catalyst to stabilize operations and potentially reverse the company’s prolonged decline.