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Why Did Redwire Stock Crash Today?
Key takeaways
- RDW NVDA INTC Redwire (NYSE: RDW) stock, the space stock that turned itself into a drones stock too when it purchased Edge Autonomy last year, tumbled 14.3% through 10:50 a.m.
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
- In a filing with the SEC this morning, Redwire announced plans to issue and sell, "from time to time," up to $500 million worth of new stock.
RDW NVDA INTC Redwire (NYSE: RDW) stock, the space stock that turned itself into a drones stock too when it purchased Edge Autonomy last year, tumbled 14.3% through 10:50 a.m. Tuesday.
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
In a filing with the SEC this morning, Redwire announced plans to issue and sell, "from time to time," up to $500 million worth of new stock. No specific price was named for the share offering, with the shares to be sold "at-the-market" -- meaning at whatever price Redwire can get for them, on the day(s) it tries to sell them.
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