TON Strategy Company (TONX)

[trader59]

No, that is completely incorrect, there will be no "new price," the only question is what the underwriter will require as a discount to the current market price. The current market price, whatever it is on the day the offering is submitted with pricing to move forward, will be what the stock is offered for, if not (and its higher) nobody will buy it because (drum roll) it is cheaper in the market.

If the stock offering were approved and presented today, it would enter the market at 30 cents a share and, given the volatility of the stock price and the dilutive nature of the offering, the underwriter is very likely to request a 50% discount so they'll be sure to profit from every share they sell. The math is simple, if the stock price held (and it won't with the dilution), it would be 100M shares sold into the float, which is about what the float is.