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Redwire ( (RDW) ) has shared an announcement.
On January 20, 2025, Redwire Corporation announced a merger agreement to acquire Edge Autonomy, a leader in uncrewed airborne system technology, for a total of $925 million. The acquisition, subject to stockholder and regulatory approvals, is expected to enhance Redwire’s market position in autonomous systems, with significant financial structuring involving cash and stock payments, and potential equity financing to optimize the transaction. The merger agreement includes provisions for board representation and voting agreements from major stakeholders to facilitate the transaction’s completion.
More about Redwire
Redwire Corporation operates in the aerospace and defense industry, focusing on innovative space infrastructure solutions. The company is known for its advanced space manufacturing, microgravity research, and spacecraft components, catering to commercial, civil, and national security space customers.
YTD Price Performance: -13.44%
Average Trading Volume: 888,256
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $981.5M
See more insights into RDW stock on TipRanks’ Stock Analysis page.
