🔴 Celestica is trading 14% down today after announcing a discounted $3 billion equity offering

Celestica is trading at $312.00, down 13.99%, after announcing a $3 billion equity offering priced below the August 5 close.

• The offering includes 9,677,419 shares at $310, creating dilution concerns and a substantial pricing discount.
• Proceeds will fund working capital, capital expenditures, and other corporate purposes; closing is expected around August 7, 2026.
• A broader technology and AI-infrastructure sell-off adds sector pressure, but the equity financing is the clearest catalyst.