VisionSys AI (VSA) Crashes Nearly 78% After $12 Million Direct Offering as Shareholders Head Into High‑Stakes Vote
VisionSys AI Inc. shares plunged 77.7% to $0.29 on November 12 after announcing a $12 million registered direct offering of ADS and warrants, triggering heavy selling and social media attention. The deal allows institutional investors to buy 9.23 million ADS units at $1.30 each, with warrants exercisable for up to three ADSs per warrant, raising dilution concerns.
