Digital asset accumulator Datacentrex plummets on deep-discounted equity raise

Shares of Datacentrex DTCX.O plummet ~28.2% to $2.22 before the bell after raising equity at steep discount

Digital infrastructure and capital deployment firm late Thurs announced pricing $20.17 mln public offering at $2, a 35.3% discount to last sale

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 acting as sole placement agent on best-efforts basis, per the prospectus

Los Angeles, California-based DTCX has ~31.7 mln shares outstanding as of Mar 25 for $98 mln market cap at last close

Through Thurs, DTCX shares up 12% YTD, including 66% surge this month