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Benzinga
Benzinga
Business
Mohd Haider

Adtran Holdings Plunges Over 9% After-Hours Following $150 Million Convertible Notes Offering

Adtran Nasdaq
LoanDepot Beats Industry Averages

Adtran Holdings Inc. (NASDAQ:ADTN) shares dropped 9.96% to $9.40 in after-hours trading on Monday after announcing a $150 million convertible senior notes offering.

According to Benzinga Pro data, the stock closed regular trading at $10.44, up 3.26%.

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