WF International shares fall 33.85% intraday after follow-on offering triggers shareholder dilution.

WF International (NASDAQ: WXM) plunged 33.85% intraday following the announcement of a $3.44 million follow-on public offering priced at $2.00 per unit, significantly below its prior trading levels. The offering includes 1,720,688 units, each comprising one ordinary share and a warrant exercisable at $2.00, triggering immediate shareholder dilution and signaling weak investor confidence. The lack of a minimum offering amount and the use of proceeds for general corporate purposes rather than growth initiatives further weighed on sentiment. Placement agents and potential future warrant exercises also raised concerns over additional dilution risks. The steep intraday decline aligns with the bearish implications of the offering, which prioritizes liquidity over strategic growth, exacerbating short-term volatility.