Redwire Prices $260M Upsized Stock Offering To Fund Growth

Redwire Corporation, a global aerospace and defense technology solutions provider, has priced an upsized public offering of 15,525,000 common shares at $16.75 each, aiming to raise approximately $260 million in gross proceeds. The company also granted underwriters a 30-day option to purchase up to an additional 2,328,750 shares at the same price, with the offering expected to close around June 18, 2025. Proceeds from the offering will be used to strengthen Redwire's balance sheet for growth initiatives, repurchase a portion of its convertible preferred stock to reduce dilution, and repay a seller note related to its acquisition of Edge Autonomy Intermediate Holdings, LLC. The offering is being conducted under the company’s shelf registration statement on Form S-3, effective since September 14, 2023, and managed by lead bookrunners including J.P. Morgan, BofA Securities, and Morgan Stanley. Redwire, employing approximately 1,300 people across the U.S. and Europe, focuses on aerospace infrastructure, autonomous systems, and multi-domain operations leveraging digital engineering and AI automation. The company’s stock currently trades near the offering price, reflecting strong investor interest given its anticipated profitability this year.