AeroVironment shares drop 7% on $1.35B stock, convertible debt offering

6 days ago 2
Regular Australian Army AeroVironment Wasp III UAV launch, flying and recovery demonstration

James Rolevink/iStock Editorial via Getty Images

AeroVironment (NASDAQ:AVAV) shares fell 7% in extended trading Monday after the defense technology company announced plans to raise as much as $1.35 billion through public offerings of stock and convertible debt.

The company said it intends to offer $750 million in

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