Datacentrex (DTCX) Stock Drops 25% After Hours: Here's What Is Going On

Datacentrex Inc (NASDAQ: DTCX) experienced a significant drop of 25.57% in after-hours trading, falling to $2.30, following the announcement of a $20.17 million public offering priced at $2.00 per share. The stock closed the regular session at $3.09, down 6.93%. The company plans to use the proceeds for working capital and general corporate purposes, which has raised concerns about potential dilution for investors. Datacentrex has a market capitalization of approximately $93.86 million and has seen a nearly 30% decline in stock value over the past year.