Redwire Announces Redemption of Outstanding Public Warrants

Highlight:
Feb 20, 2025 10:33 AM
Company Category Image Satellite / Space
Fillings Details Category Image Merger / DESPAC
Merger:
Sep 03, 2021

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Industry:
GUIDED MISSILES & SPACE VEHICLES & PARTS
Market Cap.:
580.23 m.
Redwire Announces Redemption of Outstanding Public Warrants

JACKSONVILLE, Fla. (February 20, 2025) – Redwire Corporation (NYSE: RDW) announced it will redeem all outstanding publicly traded warrants (Warrants) to purchase its common stock ($0.0001 par value per share) by March 24, 2025. The redemption price is $0.01 per Warrant. This redemption is triggered because the last closing price of the Common Stock equaled or exceeded $18.00 per share for 20 out of 30 trading days ending February 14, 2025.

Warrants can be exercised until 5:00 p.m. New York City time on March 24, 2025, at an exercise price of $11.50 per share. Unexercised warrants will be void, and holders will only receive the Redemption Price. The Company has received $57 million from previously exercised warrants.

The Warrants (ticker symbol “RDW.WS”) will cease trading on the NYSE on March 21, 2025. Questions about redemption and exercise should be directed to Continental Stock Transfer & Trust Company.

About Redwire Corp:
Redwire Corporation (NYSE:RDW) is a global space infrastructure and innovation company enabling civil, commercial, and national security programs. Redwire’s proven and reliable capabilities include avionics, sensors, power solutions, critical structures, mechanisms, radio frequency systems, platforms, missions, and microgravity payloads. Redwire combines decades of flight heritage and proven experience with an agile and innovative culture. Redwire’s approximately 700 employees working from...

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