SPG now has a total debt of $155 000 000 and it keeps growing fast.
Net losses are also growing, they will never be profitable, will never be able to repay their growing debt and will keep issuing shares in order to try to survive.
SPG is overvalued and everyone has been selling their unprofitable companies/overvalued stocks since the beginning of 2022, this trend will accelerate within the next few weeks/months.