Major Shareholder Exit Sends Redwire Shares Tumbling

Shares of space technology company Redwire faced intense selling pressure following news that a major institutional investor is significantly reducing its stake. Bain Capital’s decision to offload a substantial portion of its holdings triggered a sharp market reaction, sending the stock price plummeting.

The sell-off culminated in a single-day decline of up to 12.9%, with shares closing at $7.85. This drop was a direct response to reports that Bain Capital intends to dispose of 11 million Redwire shares through an unregistered block trade. The shares were offered at a price range between $7.99 and $9.00, representing a potential discount of up to 11.2% from the previous day’s closing price. Investment bank Goldman Sachs is managing the offering.

The move represents a notable... Read more...