Moore Threads Stock Hits Record Low Following Share Unlock

Moore Threads (摩尔线程) shares fell by over 10% to a record low of 371.17 yuan on September 8, following a 20% drop the previous day. The decline follows the unlocking of 25.77 million shares from the initial public offering's offline placement on September 7. The company stated that its fundamentals remain normal and attributed the volatility to the large-scale share unlock.