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Would-Be $2 Billion Solana Treasury Company's Stock Crashes After Share Offering

Shares in publicly traded brain-machine and artificial intelligence firm VisionSys AI (VSA) have plunged more 77% on Wednesday amid word that the firm is selling shares in a registered direct offering.  The firm anticipates it will generate around 12millioninproceedsfromthesale,thoughthereisnomentionofhowitsproceedswillbeused.VSArecentlypricedat12 million in proceeds from the sale, though there is no mention of how its proceeds will be used. VSA—recently priced at 0.29 per share—had already fallen on Tuesday, bringing its five-day dive to more than 88% as of this writing. Wednesday’s low of about $0.24 ...