Digital asset accumulator Datacentrex dives on equity raise plans
Shares of Datacentrex DTCX.O plummet ~29% to $2.20 in extended trading on planned equity raise
Digital infrastructure and capital deployment firm commences offering comprising stock and pre-funded warrants without disclosing deal size
It intends to use net offering proceeds for working capital and general corporate purposes
Formerly Thumzup Media, co pivoted to focus on high-performance computing, digital asset mining, and expanded its treasury strategy beyond bitcoin to other cryptocurrencies, such as dogecoin and litecoin
Dominari Securities sole placement agent on best-efforts basis for offering, per the prospectus
Los Angeles, California-based DTCX has ~31.7 mln shares outstanding as of Mar 25 for nearly $100 mln market cap
DTCX shares ended down 6.9% at $3.09 on Thurs. Stock up 12% YTD including 66% surge this month
