Redwire Corp shares dropped 10.55% in after-hours trading Monday after the company announced a $200 million registered public stock offering, according to Benzinga. The offering includes a 30-day option for underwriters to purchase up to 15% more shares. Redwire plans to use proceeds for general corporate purposes, including growth initiatives, partial stock buybacks, and repayment of a seller note related to its recent acquisition of Edge Autonomy. The company closed that deal Friday, paying $160 million in cash and $765 million in stock. As of March 31, Redwire reported $89.2 million in total liquidity.
