secwatch.observer — SEC 8-K summary
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Issuer:     Redwire Corp (RDW)
CIK:        0001819810
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001819810-22-000131
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Redwire completes Space NV acquisition for €32M and closes $80M convertible preferred financing from Bain and AEI
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- Acquired QinetiQ Space NV for €32M (subject to closing adjustments); adds European payload, docking, and satellite capabilities.
- Sold 80,000 shares of convertible preferred stock at $1,000/share to Bain ($40M) and AEI ($40M) for aggregate $80M.
- Convertible preferred stock carries 13% cash or 15% PIK dividend; conversion price $3.05 per common share.
- Fifth Amendment to credit agreement: leverage covenant suspended through Sep 2023; max 7.5x through Sep 2024, 6.5x after, contingent on $80M equity receipt.
- Bain gets board nomination right if holding 50% of its purchased shares; 12-month standstill restrictions for both investors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819810/000181981022000131/0001819810-22-000131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819810/000181981022000131/rdw-20221028.htm
  HTML page:      https://secwatch.observer/filing/0001819810-22-000131

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer