Specialty finance company and closed end fund Oxford Lane Capital (OXLC) continues to sell plenty of common shares and they have released their latest update to sales.
With the share price at $5.11 which is a premium to the net asset value (NAV) of $4.79-$4.89. With 163.5 million shares outstanding I would expect in 2023 the company will reverse split the shares at 1 for 3—this will keep them out of penny stock territory (under $5/share).