Redwire announces $200M common stock offering

Redwire (RDW) Corporation announced that it has commenced an underwritten registered public offering of $200M of its common stock. The company intends to use the net proceeds from the offering for (i) general corporate purposes, including cash to the company’s balance sheet to fund growth, (ii) the repurchase of a portion of Redwire’s convertible preferred stock pursuant to the previously disclosed limited repurchase right, thereby reducing overall dilution from the offering and (iii) repayment of the previously disclosed seller note issued in connection with the company’s acquisition of Edge Autonomy Intermediate Holdings. J.P. Morgan, BofA Securities and Morgan Stanley are acting as lead bookrunning managers and Texas Capital Securities, Truist Securities, and Roth Capital Partners are acting as joint book-running managers for the Offering.