Redwire obtains preliminary court approval for derivative suit settlement; final hearing July 30

Redwire Corp

Court preliminarily approved settlement of shareholder derivative actions alleging fiduciary breaches and false statements; final approval hearing set for July 30, 2026.
Settlement requires Redwire to adopt corporate governance reforms including new Risk Committee, enhanced Audit Committee, and management Disclosure Committee.
Attorneys' fees and expenses to be paid by insurance carrier; no direct cash outlay from Redwire.
Settlement provides full release and dismissal of derivative claims against individual defendants.

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