Space infra firm Redwire falls on planned $500 mln stock offering

Redwire

09/06/2026 13:37

** Space infrastructure and defense tech firm Redwire's RDW.N shares down 6% to $17.46 premarket as it seeks equity raise
** RDW enters into up to $500 mln ATM (at-the-market) stock offering with Truist, JP Morgan, BofA and Texas Capital Secs among the sales agents
** It intends to use any net proceeds for working capital and general purposes, including paying down debt, financing acquisitions or investments, and financing R&D
** Jacksonville, Florida-based RDW has ~238.8 mln shares outstanding as of Jun 8, per the filing, for about $4.4 bln market cap as of last close
** Through Mon, stock surged ~118% QTD putting it up 144% YTD
** Space-related names have rallied recently as SpaceX IPO nears
** Of 10 analysts covering RDW stock, 7 rate "buy", 2 rate "hold" and 1 recommends "sell"; median PT $15, according to LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))