Redwire Announces Pricing of Its Upsized Offering of Common Stock
Follows Underwritten Registered Public Offering of $200 Million of Common Stock
Redwire Corporation has announced the pricing of its upsized underwritten registered public offering of 15,525,000 shares of its common stock, at a price to the public of $16.75 per share (the “Offering”), for total gross proceeds of approximately $260 million. The company also granted the underwriters a 30-day option to purchase up to an additional 2,328,750 shares of its common stock at the public offering price from the company. The offering is expected to close on or about June 18, 2025, subject to customary closing conditions.
This upsized offering follows yesterday's offering of some $200 million in 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, LLC (“Edge Autonomy”).
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. A.G.P./Alliance Global Partners, B. Riley Securities and H.C. Wainwright & Co. are acting as co-managers.
The offering is being conducted pursuant to the company’s shelf registration statement on Form S-3 (File No. 333-274375), which was declared effective on September 14, 2023. The offering is being made solely by means of a prospectus supplement and an accompanying base prospectus. The preliminary prospectus supplement and accompanying base prospectus relating to, and describing the terms of, the Offering was filed with the Securities and Exchange Commission (the “SEC”) on June 16, 2025 and are available on the SEC’s website. The final prospectus supplement and accompanying base prospectus will be filed with the SEC and will be available on the SEC’s website. When available, copies of the final prospectus supplement and accompanying base prospectus may be obtained from (1) J.P. Morgan, c/o: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com, (2) BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department or by email at dg.prospectus_requests@bofa.com or (3) Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.