# 🔻 Biggest small-cap losers under $5
|Ticker|Price\*|Move\*|Why it's falling|
|:-|:-|:-|:-|
|**MI**|\~$0.80|**-62.9%**|Announced an **80M-share offering at $0.45**, creating major dilution pressure|
|**NIVF**|\~$0.10|**-39.3%**|Closed a $1.25M public offering involving shares/pre-funded warrants|
|**VERI**|\~$0.78|**-34.0%**|$15M registered direct offering / 20M new shares creates dilution concerns|
|**VIVK**|\~$0.34|**-34.0%**|Announced another **1-for-15 reverse stock split**|
|**FHTX**|\~$2.43|**-33.1%**|Eli Lilly collaboration terminated after disappointing Phase 1 results|
|**SCNX**|\~$0.19|**-27.6%**|Heavy selling/speculative pressure|
|**LGHL**|\~$4.12|**-27.5%**|Sharp speculative selloff|
|**SMJF**|\~$1.99|**-25.9%**|Heavy selling/low-float volatility|
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