Firefly Aerospace Inc (NASDAQ:FLY) shares are moving lower in extended trading Tuesday after the company announced a proposed public offering.
Firefly Aerospace stock is trading at elevated levels. What should traders watch with FLY?
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Firefly Launches Proposed Common Stock Offering
After closing the day up 18.81%, Firefly announced that it commenced a public offering of 12 million shares. Firefly will offer 4 million shares and selling stockholders will offer 8 million shares in the proposed offering.
