Keel Infrastructure is trading 6.7% up at $21.65 as buyers return following a sharp slide tied to its upsized $400 million 1.25% convertible senior notes offering due 2032.
- The stock is extending Friday’s rebound as investors reassess potential dilution and focus on the growth capital generated by the deal.
- The current upward momentum helps unwind a portion of the prior 11%+ drop triggered by the notes offering announcement.