Yueda Digital (YDKG) Stock Crashes 90% After $28M Crypto Fundraise – Bargain or Bubble?
Yueda Digital (Nasdaq: YDKG) closed at about $0.043 on Oct. 20, 2025, down nearly 99% in 10 days after announcing a $28 million direct offering with warrants allowing up to 364 million free shares. The board accepted CEO Dan Shao’s resignation and named Baozhen Guo interim CEO on Oct. 15. YDKG’s year-to-date loss is around 80%.