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Park Ha Biological Technology (BYAH) Stock Surges Over 41% After Hours: Why Is It Moving?

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Park Ha Biological Technology Co., Ltd. (NASDAQ:BYAH) shares jumped 41.66% to $1.70 in after-hours trading on Wednesday.According to Benzinga Pro data, stock of the Chinese skincare company dropped 20% to $1.20 in the regular session.$2M Direct OfferingThe stock move followed a Monday announcement where Park Ha Biological announced the closing of a $2.0 million registered direct offering.The company priced 1.13 Class A ordinary shares along with pre-funded warrants for up to 200,000 additional shares at a combined price of $1.50 per unit.New York City-based D. Boral Capital LLC served as sole placement agent.The company said gross proceeds are estimated at…

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