Ann: CI1 Raises Capital of $6 Million for Expansion, page-51

Fundamentally nothing has changed and the funds used will be used for expansion. I read somewhere that Yozo pay is “profitable” so no cash burns.
However the pump and then dump to get the price down to a price where Clee capital was happy with in entering is pretty shitty behaviour. There was absolute no need in raising at such a heavy discount + options which really dilute the company further.

So the business itself is fine and I do still think it will hit new highs this year but this manipulated SP and then raise is a play on retail