There are very few things that can make a stock tank more than an equity raise. When a company sells more equity it, by definition, dilutes the value of the existing stock. In simple terms, if a company has a market value of $1 million and has issued 10,000 shares, then each share is worth $100. However, if they then raise capital by selling another 10,000 shares, each share is then worth only $50. The value of the company hasn’t changed, but instead of that value being split 10,000 ways, it is now split 20,000 ways. The stock has to halve…