RE:RE:RE:RE:Technically speakingVery good question.
Likely highly dependent on who it is.
And very dependent on the nature of the business relationship.
Additional surprises may be attached to the news that could catch the market flat footed.
For example an equity arrangement with a recognized name maybe.
Like when Hydro Quebec partnered with Innegex by investing $600 million in a non-controling interest in Feb 2021, on a smaller scale.
First things first.
$3.00 isn't a "critical" level, but it does present some "legitimacy"
After all, it IS the price where most bank-owned brokerages allow "collateral margin value"
Another self-fulfilling prophecy