Runway Growth Finance Corp (RWAY)

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Why is Runway Growth Finance Corp (RWAY) Stock down?

We've noticed a 7.02% decline in Runway Growth Finance Corp (RWAY) stock during the 2024-05-08 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

14 Nov, 2023:

Shares of Runway Growth Finance Corp (RWAY) dropped by 6.73% from $13.22 to $12.33 in the trading on Tuesday, Novemeber 14, 2023. The reason why RWAY is down today is due to the announcement of a priced secondary offering. Runway Growth Finance Corp announced the pricing of a previously announced underwritten secondary offering. The offering consists of 3,750,000 shares of its common stock by OCM Growth Holdings LLC and Oaktree Opportunities Fund XB Holdings (Delaware), L.P. (the "Selling Stockholders"). The public offering price is set at $12.56 per share. Additionally, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to 562,500 additional shares. The offering is expected to settle and close on or about November 16, 2023. As investors are cautious about the offering, which led to a drop in stock price.