🔴 Redwire Corp is trading 10.2% down today after unveiling a $500 million ATM share-sale program

Redwire Corp is trading at $16.68 (10.2% down) after the company authorized a new $500 million at-the-market (ATM) equity program.

• This move marks the third ATM equity program unveiled by the company in just seven months, fueling investor concerns regarding potential share dilution.
• The decline is a clear company-specific reaction to the announcement, as broader U.S. stock indices are trading higher today.