Kratos Defense & Security Solutions shares are trading lower after the company announced a $300 million proposed public offering.
Portfolio Pulse from Benzinga Newsdesk
Kratos Defense & Security Solutions announced a $300 million proposed public offering, leading to a decrease in its share price.
February 22, 2024 | 4:52 pm
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Kratos Defense & Security Solutions announced a $300 million proposed public offering, causing its stock price to decrease.
Public offerings often lead to a decrease in share price due to the dilution of existing shares. Given the significant amount of $300 million, this is likely to have a notable negative impact on Kratos Defense & Security Solutions' stock price in the short term.
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