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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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.