Top KingWin (WAI) stock crashed on Monday after the corporate business training company announced a termination of a Securities Purchase Agreement. This agreement saw it sell 3.5 million shares of WAI stock for $0.4343 each, which brought the total gross proceeds from the deal to $1.52 million. The agreement started on June 23, 2025, and ended on June 26, 2025.
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Now, Top KingWin has agreed to terminate the Securities Purchase Agreement. With this, it will repurchase all shares sold in the agreement for their full price. The termination includes a mutual release, with neither party admitting to any liability or wrongdoing.
It makes sense that WAI stock would take a beating on this news. The company has lost out on the $1.52 million from the Securities Purchase Agreement with its termination. It’s also a bad look for the business, even if the termination doesn’t assign any wrongdoing to it.
Top KingWin Stock Movement Today
Top KingWin stock was down 74.11% during pre-market trading on Monday. The shares have also fallen 57.54% year-to-date and 60% over the past 12 months. Today’s drop also came with heavy trading, as some 1.1 million shares changed hands, compared to a three-month daily average of roughly 651,000 units.
