Top Midday Decliners
Silo Pharma (SILO) said Friday it has agreed to a private placement of common stock and warrants to raise gross proceeds of up to $11.7 million.Shares sank 26% as intraday trading volume jumped to over 284,000 from a daily average of about 199,000.Virax Biolabs (VRAX) shares slumped 33% after the company agreed to reduce the exercise price of certain outstanding preferred investment options to $6 from $10.More than 1.41 million shares of the company traded intraday compared with a daily average of about 2.19 million.Fermi (FRMI) priced an upsized private offering of $375 million of 5% convertible senior notes due 2031, it said late Thursday.Shares dropped 13% as intraday trading volume catapulted to over 54.4 million from a daily average of about 18.7 million.Price: $5.69, Change: $-2.04, Percent Change: -26.40%
