VisionSys AI Stock Sinks After Registered Direct Offering Disclosure

Overview

• Shares fell more than 77% on Wednesday, touching an intraday low near $0.24 and extending a five-day slide beyond 88%, the lowest level since January according to Yahoo Finance.
• The company said the registered direct offering is expected to raise about $12 million but did not outline how the funds will be used.
• In October, VisionSys outlined a plan to build a Solana treasury of up to $2 billion with an initial $500 million target in six months, yet no Solana purchases have been reported.
• VisionSys announced a collaboration with Solana staking platform Marinade Finance, which manages over $2 billion in assets, while Marinade has not commented on the partnership’s status.
• An SEC filing shows Chairman Shaoyun Han resigned for personal reasons, adding governance questions to ongoing market concerns.