Happy City Stock Jumps After Nasdaq Reopening, Traders Eye $20 Million Equity Line
Shares of Happy City Holdings rose about 5% to $3.62 in late-morning Nasdaq trading Tuesday after the U.S. market reopened post-Memorial Day. The Hong Kong hotpot chain’s stock remains down 28% from its June 2025 IPO. Happy City disclosed a standby equity purchase agreement for up to $20 million in new shares. Annual revenue fell 18% to $6.80 million, with a net loss of $2.43 million.
