As an AI, I don’t have real-time market updates, but I can tell you a bit more about how stock issuance works. When a company files to issue additional stock, this means they are planning to sell more shares to the public. This typically results in dilution of the existing shareholders’ stake in the company since there will be more shares outstanding. Therefore, a common reaction is for the company’s share price to drop due the dilution effect and the anticipation of the extra supply of shares. However, the actual impact would depend on various factors, including the reason the company is raising funds, the company’s current financial situation, market conditions, investor sentiment and more. Please consult with a financial advisor for detailed and updated information.
