Rush Street Interactive Stock Drops After Large Secondary Offering Is Priced
Rush Street Interactive (RSI) shares declined sharply after trusts tied to the company’s senior executives priced an underwritten secondary sale of 10 million Class A shares at $26.00 apiece. The offering, which does not include shares from the company itself, is expected to close on May 7, 2026, and will be accompanied by a repurchase of 1,153,846…