🔴 WF Holding is trading 19.77% down after a dilutive $18 million offering

WF Holding is trading at $0.17, down 19.77%, as its dilutive offering remains the clearest company-specific catalyst for the decline.

• Announced October 14, the $18 million offering priced 12 million shares at $1.50 each.
• It includes 12 million immediately exercisable warrants; cashless exercise could allow up to nine shares per warrant, creating substantial potential dilution.
• Coverage linked the offering and dilution risk to the preceding plunge and trading halt.