Tuesday, Smith & Wesson Holding Corp. (SWHC) said in a regulatory filing that it would offer and sell a combination of stocks, securities, warrants and units up to an aggregate of $250 million.
The company said that it would use the net proceeds for general corporate purposes, which may include the repayment of indebtedness outstanding from time to time and for working capital, capital expenditures, acquisitions, and repurchases of common stock or other securities.
Shares of Smith & Wesson closed Tuesday's regular trade at $4.57, down 2 cents or 0.44%. In the after hours, the stock further lost 22 cents or 4.81%.
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