Jun. 27 at 6:17 PM
$FAAS
2. Extreme Penny Stock Status & Value DestructionBefore its delisting process, the stock suffered massive value destruction.It became a micro-penny stock, trading at less than
$0.05 per share, with a total market capitalization collapsing down to just around
$1.6 million.For an institutional or retail investor who bought in early (such as during its SPAC merger with StoneBridge Acquisition Corp), the investment resulted in a near-total loss of capital.