It just means the new low is $1.20.
Last time time on January 13 the offering was for .80 cents which it never went below
Item 8.01 Other Events.
On January 13, 2021, the Company closed its previously announced registered direct offering (the “Offering”) of an aggregate of 50,000,000 shares of the
Company’s common stock, par value $0.001 per share (the “Common Stock”), at a price of $0.80 per share, for gross proceeds of $40,000,000, before deducting
placement agent fees and other offering expenses.
Late last fall the Offering was fot .50 cents.
This is going up from here.