NaaS Technology Inc ( NAAS ) shares are trading lower by 21.5% to $1.17 during Wednesday’s session after the company announced a $6 million registered direct offering.

The agreement entails the sale of 4,761,905 American Depositary Shares (ADS) along with warrants to purchase an additional 4,761,905 ADSs. The combined purchase price for these securities is set at $1.26 per ADS and accompanying warrant.

The registered direct offering is expected to generate approximately US$6 million in total gross proceeds before accounting for commissions and other offering expenses. The warrants will be exercisable at US$1.49 per ADS, available for exercise six months after the issuance date and will expire five years from the initial exercise date.

The completion of the offering is anticipated around March 15, subject to standard closing conditions.

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How To Buy NAAS Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Naas Technology’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, NAAS ( NAAS ) has a 52-week high of $12.78 and a 52-week low of $1.07.