Kaspien slumps in early trade on launching $13.5M stock offering

• Kaspien (NASDAQ:KSPN) drops 24.9% in premarket trade after entering into an underwriting agreement with Aegis Capital wherein the underwriter agreed to purchase, on a firm commitment basis, 416.6K shares at $32.5/share.
• Net proceeds to be used for general corporate purposes, including working capital