Real Messenger Corp (NASDAQ:RMSG) shares dropped sharply on Tuesday.
The decline comes after the Costa Mesa, California-based company announced a $4 million public offering priced at a deep discount to its previous market valuation.
Nasdaq futures are up 0.80% while S&P 500 futures have gained 0.47%.
Steep Discount Details The real estate technology firm priced approximately 5.71 million units at 70 cents per unit.
This pricing stands substantially lower than the stock's previous closing price of $1.06 on Monday, triggering an immediate downward market correction.
