FTAI - Why FTAI Aviation Stock Is Trading Lower | Benzinga
FTAI Aviation Ltd (NASDAQ:FTAI) shares are trading lower by 7.2% to $78.54 during Wednesday’s session after the company announced the pricing of a secondary offering of shares.
The underwritten public offering of 2,090,561 ordinary shares by FIG LLC and an employee of FIG LLC, the Selling Shareholders, will be for gross proceeds of about $171.4 million. The shares may be sold on the Nasdaq Global Select Market or elsewhere at market prices, prices related to market prices, or negotiated prices.
The offering is expected to close on May 30, subject to customary conditions. FTAI Aviation will not receive any ...