fubotv inc shares are hovering near multiyear lows after the company disclosed that it sold 681 million worth of shares the streaming companys shares fell 185 to a low of 189 monday morning after initially advancing in premarket trading following the release of fubos fourthquarter earnings which showed betterthanexpected revenue and a growing subscriber base during a call with analysts chief executive david gandler announced that the company had raised 681 million by selling 367 million shares in block trades at a negotiated discount to last fridays closing price of 232 mr gandler said the sales which were made under the companys atthemarket program from august would fortify fubos balance sheet and advance its goal of achieving positive free cash flow in 2025 asked about the sales by an analyst during the call the chief executive said fubo had to raise some capital to get to selffunding in 2025 the stock sales also were disclosed in a securities filing monday morning with fubo saying shares were sold to multiple investors shares recovered to a more modest doubledigit decline at 201 in the first two hours of trading they are down more than 75 over the past 12 months and are 40 cents away from a fiveyear low that was reached in january