From 424B5 :(1) The number of our Class A ordinary shares issued and outstanding immediately after this offering is based on 438,648,394 Class A ordinary shares issued and outstanding as of December 5, 2023 and 184,615,385 Class A ordinary shares to be issued in this offering and excludes:
? 759,498 Class A ordinary shares issuable upon exercise of the warrants issued in connection with a private placement that closed on April 20, 2021
When practically the entire float and I/O trades, and you are still down -17%, you know you have some issues!