Catheter Precision Inc. (NYSEAMERICAN: VTAK) shares jumped 19.36% to $0.67 after the bell on Tuesday.
The surge in the late trading session follows an intraday decline of 13.90%, where the stock of the medical device company closed at $0.56, according to Benzinga Pro data.
Trading volume for the day increased to 23.68 million shares, about 1.7 times the stock’s average daily volume of 13.70 million shares, indicating higher-than-usual trading activity.
The stock move followed a Jul. 10 prospectus filed with the Securities and Exchange Commission that registers resale of 68.06 million common shares tied to Series C, D and J preferred stock conversions, Series M warrant exercises, and previously issued common shares.
Dilution Risk Takes Center Stage
