CAP-XX (LSE:CPX) tumbles: why does raising fresh equity hit a junior market share so hard?

CAP-XX (LSE:CPX) tumbles: why does raising fresh equity hit a junior market share so hard? →

Highlights CAP-XX shares fell sharply after announcing a placing and subscription to raise fresh capital Discounted issuance dilutes existing holdings and resets the reference price for the shares Pre-revenue and early commercialisation tec…