🟢 Highway Holdings is trading 12.1% up in pre-market after a $7 million strategic investment

Highway Holdings is trading 12.1% up at $0.95 in pre-market on November 5 after announcing a $7 million strategic investment.

• David Lazar’s investment closed November 4; preferred-share conversion requires shareholder approval and could give him about 95% fully diluted ownership.
• Planned: legacy manufacturing spin-off; $2 million cash dividend for eligible shareholders. Lazar became CEO after the prior CEO resigned.
• Premarket coverage noted shares higher after the announcement; broader markets mixed. No premarket volume was reported, limiting activity assessment.