Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) shares are trading lower in after-hours on Thursday after the company announced a proposed offering.
- Kratos Defense & Security shares are sliding. What’s pressuring KTOS stock?
Kratos Proposes Offering Of Common Stock
Kratos said it intends to offer $1 billion of shares of its common stock in an underwritten offering. The company plans to grant the underwriters a 30-day window to purchase up to an additional $150 million of the shares.
All shares in the offering will be sold by Kratos. The company plans to use the net proceeds to finance …