GlucoTrack tanks after underwritten public offering proposal

GlucoTrack

13/04/2023 10:17

** Medical device maker GlucoTrack Inc's shares  GCTK.O 
slump 36% premarket at $1.7
    ** Co says it intends to offer shares in an underwritten
public offering
    ** Proceeds from this offering to be used primarily for
working capital and general corporate purposes, says GCTK 
    ** Co does not disclose the size of the offering and when it
may be completed
    ** Up to last close, stock had risen 91% YTD

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))