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What's Going On With Microvast Stock Monday?

Benzinga ·  Jan 27 14:52

Microvast Holdings Inc (NASDAQ:MVST) shares are trading lower Monday after the company filed for a mixed shelf offering.

What Happened: After the market close on Friday, Microvast announced in a regulatory filing that it may offer and sell up to $250 million of securities including common stock, preferred stock, warrants and units.

In addition, the selling stockholder may offer and sell up to 5.5 million shares of Microvast common stock from time to time in one or more offerings. The selling stockholder named in the filing is Microvast CEO Yang Wu.

Microvast is a developer of battery technologies for electric vehicles and energy storage solutions.

How To Buy MVST Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Microvast's case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

MVST Price Action: Microvast shares were down 6.88% at $2.03 at the time of publication Monday, according to Benzinga Pro.

This illustration was generated using artificial intelligence via Midjourney.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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