By Dean Seal
Shares of blank-check company Chardan NexTech Acquisition 2 Corp. fell by nearly a third to a low of $14.62 in early trading Thursday after more than doubling during Wednesday's regular trading session.
The shares climbed to $21.54 Wednesday following news that Chief Executive Officer Jonas Grossman had purchased 485,000 shares at $10.36 each.
After the bell, the company reported that stockholders had elected to redeem almost 2.1 million common shares, leaving about 1.02 million shares issued and outstanding. The stock started to fall in after-market trading, and opened at $19.74 Thursday and tumbled from there.
The shares were changing hands at $15.52 after the first hour of trading.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
October 06, 2022 10:35 ET (14:35 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。