RDW is trading at $12.10 (6.4% down) as it extends a sharp selloff from the previous session. - The stock fell 9.27% on June 22 and faced continued pressure in pre-market trading before the open. - The ongoing decline is primarily driven by investor concerns over Redwire's newly launched $500 million at-the-market stock offering, raising significant dilution fears. - Additionally, Jefferies recently downgraded RDW from Buy to Hold, contributing to the negative sentiment.