MingZhu Logistics shares rise 21.10% intraday after completing $8 million direct offering.

MingZhu Logistics surged 21.10% intraday after completing an $8 million direct offering. The capital raise, announced as a critical step amid the company’s reported financial challenges—including declining revenues and negative cash flows—was interpreted as a short-term positive by investors seeking signs of stabilization. While the broader context highlights structural weaknesses, the immediate market reaction focused on the execution of the offering, which could provide liquidity to address operational pressures.