02:25 PM EDT, 06/21/2024 (MT Newswires) -- Kaival Brands Innovations ( KAVL ) said Friday that it priced a public offering of about 3.92 million units at $1.53 per unit, targeting gross proceeds of about $6 million.

Shares sank nearly 50%, with intraday trading volume at more than 3.59 million versus a daily average of roughly 2.31 million.

OLB Group ( OLB ) filed a shelf registration statement with the US Securities and Exchange Commission late Thursday covering the potential sale of up to $75 million of its securities from time to time in one or more offerings.

Shares dropped 16% as intraday trading volume advanced to over 31,000 from a daily average of about 38,000.

Crown Electrokinetics ( CRKN ) said Friday it expects to implement a 1-for-150 reverse stock split on its common stock and the trading on a split-adjusted basis will likely kick off on Tuesday.

Crown's shares slumped 19%, with intraday trading volume soaring to more than 146.7 million from a daily average of roughly 138.2 million.

Price: 1.45, Change: -1.43, Percent Change: -49.65