Hycroft Mining stock continues fall after pricing $43.75 million public offering

Published 12/06/2025, 14:42
© Reuters.

Investing.com -- Hycroft Mining Holding Corporation (NASDAQ:HYMC) stock tumbled 23.8% after the company announced the pricing of an underwritten public offering of 12,500,000 units at $3.50 per unit.

The offering, which is expected to raise approximately $43.75 million in gross proceeds, consists of units comprising one share of common stock and one-half of one common stock purchase warrant. Each whole warrant will be exercisable for one share of common stock at $4.20 per share over a 36-month period.

This pricing announcement follows yesterday’s disclosure that Hycroft was proposing a public offering of up to $40 million. The final offering amount exceeded the initially proposed figure by nearly $4 million.

Hycroft has also granted the underwriters a 30-day option to purchase up to an additional 1,875,000 units, shares of common stock, and/or warrants at their discretion. The shares and warrants will be issued separately but can only be purchased together in the offering.

The company’s stock decline reflects typical market reaction to public offerings, which often cause dilution of existing shareholders’ equity. The significant drop in share price indicates investor concerns about the potential impact of the additional shares entering the market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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