Firefly Aerospace Inc. is trading 10.1% down at $32.55 after the company announced a discounted 12 million-share public offering, raising concerns over near-term supply and shareholder dilution.
- The offering's pricing below recent market levels is pressuring the stock as investors reassess the company's current valuation.
- Selling pressure is being further amplified by a broader risk-off environment across U.S. equity markets.