Redwire Corporation (RDW) Announces $200M Share Offering

Redwire Corporation (NYSE: RDW) (“Redwire” or the “Company”), a global leader in aerospace and defense technology solutions, today announced that it has commenced an underwritten registered public offering (the “Offering”) of $200,000,000 of its common stock. The Company expects to grant the underwriters a 30-day option to purchase an additional amount of shares of common stock equal to 15% of its common stock sold in the public offering.

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. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed or as to the final size or terms of the Offering.

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 will be filed with the Securities and Exchange Commission (the “SEC”) and will be available on the SEC’s website at www.sec.gov. When available, copies of the preliminary 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 [email protected] and [email protected], (2) BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department or by email at [email protected] or (3) Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

This press release shall not constitute an offer to sell or the solicitation of any offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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