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Wajeeh Khan

The $500 Million Reason Redwire Stock Is Down Today

Redwire RDW

Redwire (RDW) shares are extending losses on June 10 after the space infrastructure company announced a new at-the-market (ATM) equity offering.

The company has entered into an equity distribution agreement with a syndicate of investment banks, authorizing it to sell up to $500 million worth of its common stock.

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