Smith & Wesson Holding to offer 6.25 million shares
Shares of Smith & Wesson Holding Corp. (Nasdaq:SWHC) are lower ahead of the opening bell after the handgun manufacturer said it will offer 6.25 million shares to generate net proceeds of approximately $31.9 million. The company intends to use the proceeds to repay bank debt and for general corporate purposes.
Shares fell 8%, or $0.50, $5.67 ahead of the bell. For detailed price information and recent news stories about Smith & Wesson, click SWHC.
