Youxin Technology (YAAS) stock plummeted on Friday after the software-as-a-service (SaaS) and platform-as-a-service (PaaS) company announced a public offering for its shares. The company has priced the units in its public offering at 28 cents each. Book-running manager Aegis Capital also has a 45-day option to acquire up to 15% of extra units to cover overallotment.
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Each unit in this offering includes one share of YAAS stock or one pre-funded warrant, Series A Registered Common Warrant to purchase one share at an exercise price of 28 cents, and one Series B Registered Common Warrant to purchase another share at an exercise price of $0.00001.
Youxin Technology expects the public offering to close on September 8, 2025, and generate $6 million in funds. The company intends to use the net proceeds from this offering for general corporate purposes and working capital.
Youxin Technology Stock Movement Today
Youxin Technology stock was down 67.22% in pre-market trading on Friday, following an 11.5% drop yesterday. Shares of YAAS have also fallen 92.94% year-to-date and 91.75% over the past 12 months.
Today’s news came with heavy trading, as some 25 million shares of Youxin Technology stock changed hands, compared to a three-month daily average of about 1.47 million units.
The massive drop for YAAS stock today makes sense. Investors are no doubt concerned about the price of the public offering and how it dilutes current stakes in the company.
Is Youxin Technology Stock a Buy, Sell, or Hold?
Turning to Wall Street, analyst coverage of Youxin Technology is lacking. Fortunately, TipRanks’ AI analyst Spark has it covered. Spark rates YAAS stock a Neutral (45) with a 50-cent price target. It cites “significant challenges such as declining revenue, substantial losses, and negative equity” as reasons for this stance.
