Redwire Corporation (RDW) shares plunged 18.53% in the pre-market session on Tuesday, June 17, 2025, dropping to $16.75 from the previous day’s closing price of $20.57.
The sharp decline came amid news that Redwire Corporation has launched an underwritten registered public offering of $200 million in common stock.
The company intends to use the net proceeds from this offering for general corporate purposes.