Solowin Stock Sinks After $6 Million Agreement, Market Eyes AXG Dilution
Solowin Holdings shares closed down 0.86% at $3.45 on Nasdaq Tuesday and slipped further after hours following news of a $6 million funding deal with Streeterville Capital. The loan, disclosed in a June 2 filing, carries an 8% interest rate and can be repaid in cash or new shares, raising dilution concerns. The principal totals $6.48 million after a discount. AXG’s decline contrasted with broader U.S. market gains.