tiprankstipranks
Trending News
More News >

Redwire Announces Board Resignations Post-Acquisition

Story Highlights
Redwire Announces Board Resignations Post-Acquisition

Don’t Miss TipRanks’ Half-Year Sale

Redwire ( (RDW) ) has shared an update.

Redwire Corporation announced the resignation of certain board members following its acquisition of Edge Autonomy Intermediate Holdings, LLC and its subsidiaries. On June 26, 2025, Michael J. Bevacqua resigned, followed by David Kornblatt and Les Daniels on July 1, 2025. These resignations were made to facilitate the appointment of new directors and were not due to any disagreements with the company’s operations or policies.

The most recent analyst rating on (RDW) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on Redwire stock, see the RDW Stock Forecast page.

Spark’s Take on RDW Stock

According to Spark, TipRanks’ AI Analyst, RDW is a Neutral.

Redwire’s overall stock score is primarily impacted by its weak financial performance, which presents significant risks. However, positive earnings call sentiment and strategic corporate events, such as the Edge Autonomy acquisition, provide some optimism. Technical indicators and valuation concerns temper the overall outlook.

To see Spark’s full report on RDW stock, click here.

More about Redwire

Average Trading Volume: 2,516,759

Technical Sentiment Signal: Buy

Current Market Cap: $2.18B

See more insights into RDW stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1