07:49 AM EDT, 06/14/2024 (MT Newswires) -- QXO (QXO) shares slumped 57% Friday premarket after the company agreed to a $3.5 billion private placement of common shares and warrants.

Gain Therapeutics ( GANX ) shares dropped 24% after pricing an $11 million offering of stock and warrants.

Rezolute ( RZLT ) shares fell 16% after the company priced a $60 million stock offering.

Zapp Electric Vehicles Group ( ZAPP ) shares retreated 14%, paring Thursday's rally.

MSC Industrial Direct Co. ( MSM ) shares were down 12% after the company reported preliminary fiscal Q3 results that trailed analysts' estimates.

Price: 88.00, Change: -117.40, Percent Change: -57.16