m_and_a
confidence high
sentiment neutral
materiality 0.90
Redwire completes $925M acquisition of Edge Autonomy; issues 49.8M shares and $100M seller note
Redwire Corp
- Total merger consideration of $925M: $160M cash (incl. seller note) and $765M in RDW stock at $15.07/share.
- 49,764,847 shares of RDW common stock issued to Edge Autonomy seller at closing.
- Entered $90M term loan (SOFR+6.5%→7.0%) expiring April 2027 and $100M unsecured seller note (15%-18% PIK/cash interest).
- Stockholders approved the merger at special meeting: 90.95M votes for, 0.96M against (majority & minority votes).
- Edge Autonomy Q1 2025 unaudited revenue $35.4M, net loss $1.6M; pro forma combined financials filed.
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