Incannex Healthcare stock tumbles after filing $100M offering
Johanna Cronin, Chief Marketing Officer of StartEngine Crowdfunding, Inc. (NASDAQ:STGC), recently executed a series of stock sales, according to a filing with the Securities and Exchange Commission. On December 30, Cronin sold a total of 6,777 shares of common stock, resulting in proceeds of approximately $7,343. The sale prices ranged from $0.00 to $1.25 per share. The transaction comes as STGC trades near its 52-week low of $0.10, significantly below its high of $0.55, despite posting strong revenue growth of 90% in the last twelve months.
Following these transactions, Cronin retains ownership of 330,607 shares in the company. The shares sold included 902 shares designated as Bonus Shares, which were part of an offering statement under Regulation A. For deeper insights into insider transactions and comprehensive financial analysis, InvestingPro subscribers can access exclusive metrics and real-time alerts on insider trading patterns.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.