AeroVironment drops 7% on debt pay off plan

An image of a Quantix drone made by AeroVironment. David Mcnew | Getty Images News | Getty Images AeroVironment shares fell 7% Tuesday after the defense contractor said it plans to offer $750 million in common stock and $600 million in convertible senior notes due in 2030 to repay debt. The drone maker said it…

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xAI raises $10B in debt and equity

Elon Musk’s AI company, XAI confirmed Morgan Stanley on Monday. One in Post on XFinancial giants said that XAI had raised $ 5 billion and $ 5 billion in a separate strategic equity transaction. “The combination of debt and equity reduces the overall cost of capital and expands the capital pool available for XAI. [sic]…

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