India, June 17 -- Redwire Corporation (RDW) is trading at $16.73, down 18.69 percent, or $3.84, on Tuesday following the announcement of its upsized public offering. The aerospace and defense company priced 15.53 million shares at $16.75 each, aiming to raise about $260 million in gross proceeds.
The stock opened at $17.10 and has traded between $16.12 and $17.67 so far today on the New York Stock Exchange. Volume has spiked to 13.29 million shares, compared to the average of 1.90 million. The 52-week range is $4.87 to $26.66.
The underwriters also have a 30-day option to purchase up to an additional 2.33 million shares. The offering is expected to close around June 18, 2025.
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