Earnings DowngradeThe MANTL acquisition is expected to be dilutive to adjusted EBITDA in 2025, leading to a reduction in earnings estimates.
Market SkepticismStock pressure is attributed to skepticism on the $380 million MANTL acquisition and $345 million convertible note offering, and broader market uncertainty.
Profitability ImpactThe acquisition of MANTL is expected to negatively impact EBITDA by $5 million, affecting short-term profitability.