Why Redwire Stock Is Down Big Today
Space infrastructure company Redwire (NYSE: RDW) is raising cash to shore up its balance sheet, but the move comes at a cost to existing investors.Shares of Redwire traded down 20% as of 10:15 a.m. ET after the company announced a $200 million secondary offering.Image source: Getty Images.Continue reading
Space infrastructure company Redwire (NYSE: RDW) is raising cash to shore up its balance sheet, but the move comes at a cost to existing investors.
Shares of Redwire traded down 20% as of 10:15 a.m. ET after the company announced a $200 million secondary offering.
Image source: Getty Images.
