Willamette Valley Vineyards shares fall 13.07% intraday after filing $20 million mixed shelf registration.

Willamette Valley Vineyards plunged 13.07% intraday following the filing of a $20 million mixed shelf registration statement late Tuesday. The announcement, which allows the company to sell securities at unspecified times, likely raised concerns among investors about potential equity dilution or financial distress, prompting immediate selling pressure. The intraday decline reflects market skepticism toward the capital-raising move, aligning with the bearish sentiment typically associated with such securities offerings.