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Why Redwire Stock Is Down Big Today

TheMotleyFool

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Space infrastructure company Redwire (NYSE: RDW) is raising cash to shore up its balance sheet, but the move comes at a cost to existing investors.

Shares of Redwire traded down 20% as of 10:15 a.m. ET after the company announced a $200 million secondary offering.

Image source: Getty Images.

Source Fool.com

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