other_material
confidence high
sentiment positive
materiality 0.60
Redwire converts all remaining convertible preferred stock; AEI converts 46,505 shares into 15.2M common shares
Redwire Corp
- AE Industrial Partners converted all 46,505.13 shares of Series A Convertible Preferred Stock into 15,247,586 common shares.
- Conversion price was $3.05 per share; accrued and unpaid dividends paid in cash.
- No shares of convertible preferred stock remain outstanding after conversion.
- New shares represent approximately 7.1% dilution to existing common shareholders.
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