Why a Stock moved Down Today -29.39% $SEV fell to $1.61 from $2.28 after a dilutive $6 million registered direct offering priced at $1.75 a share, a discount t

Why a Stock moved Down Today -29.39% $SEV fell to $1.61 from $2.28 after a dilutive $6 million registered direct offering priced at $1.75 a share, a discount to the prior close. Warrants covering up to 3.43 million additional shares added a second layer of potential dilution. The pre-revenue EV dev…