New York, Feb 11, 2026, 18:04 EST — After-hours
Neo-Concept International Group Holdings Ltd (Nasdaq: NCI) shares closed up 238.46% at $2.64 on Wednesday and were down 28.79% at $1.88 in after-hours trading. The stock ranged from $0.77 to $3.41 during the session. (Investing)
Moves like that tend to show up when a tiny stock suddenly has a lot of paper coming. A public offering sells newly issued shares; it can dilute existing holders, because each share represents a smaller slice of the company.
Neo-Concept said in a filing it agreed on Feb. 9 to sell 14.85 million Class A ordinary shares to several investors at $0.5454 each, and the sale closed on Feb. 11. It called the deal a best-efforts offering, meaning the placement agents agree to try to place the shares rather than committing to buy them. The company also disclosed a 5% cash fee for lead placement agent D. Boral Capital, up to $100,000 of expense reimbursement and said the final prospectus was filed on Feb. 11; the filing was signed by CEO and chairlady Eva Yuk Yin Siu.
The company put gross proceeds at about $8.1 million before fees and expenses and said it will use the money to expand its business and for working capital. Neo-Concept describes itself as a one-stop apparel supply-chain services provider and also sells its own Les100Ciels brand through stores in the UK and the UAE and online.
The stock fell 29.7% on Tuesday after the company priced the offering, a sign that dilution worries were front and center. (Investing)
Wednesday’s surge suggested those concerns did not stick, at least in the day session. The after-hours slide points to lingering nerves about where the new shares clear.
But the risk is supply: once the new stock starts changing hands, it can weigh on a name that already swings hard. If buyers step away, the gains can unwind quickly.
Traders will be watching Thursday, Feb. 12, for whether volatility fades as the deal stock settles — or whether sellers reassert themselves.
