Ostin Technology Plunges 8.86% Amid $5M Direct Offering

Ostin Technology's stock price plummeted by 8.86% in pre-market trading on July 1, 2025, marking a significant downturn for the technology company.

Ostin Technology recently secured a $5 million direct offering from a major institutional investor. This offering includes the sale of 41.67 million Class A ordinary shares at $0.12 per share, with pre-funded warrants having an exercise price of $0.001 per share. The transaction is expected to close around July 1, 2025, aiming to strengthen the company's financial position.

This direct offering is part of Ostin Technology's strategy to bolster its financial stability and support its ongoing operations. The company has been actively seeking investments to enhance its market position and drive future growth. The successful completion of this offering will provide Ostin Technology with the necessary capital to pursue its strategic initiatives and expand its technological capabilities.