Recon Technology (RCON) shares fall 12.05% premarket after $100M ATM equity offering
ByAinvest Wire
Monday, Aug 3, 2026 4:41 am ET1min read
RCON--
Recon Technology (RCON) shares fell 12.05% in premarket trading after the company announced a $100 million At-the-Market (ATM) equity offering program. Entered into on July 28, 2026, with Pacific Century Securities, LLC, the offering allows the sale of up to $100 million in Class A ordinary shares at prevailing prices, prompting investor concerns over dilution and selling pressure.
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