YDDL stock slumps 60% on discounted $13mn offering

One and One Green Technologies (YDDL) stock slumped over 60%, hitting its lowest level since January, following a $13 million follow-on offering priced at a deep discount. The company agreed to sell units at $7.50, 46% below the prior close, to institutional investors with an option to buy more. YDDL also extended its IPO lock-up period by three months.