Redwire Corporation Completes Redemption of Outstanding Public Warrants
Redwire Corporation, a leading provider of space infrastructure solutions for the next-generation space economy, has officially completed the redemption of its publicly traded warrants (“Warrants”). The Warrants, which entitled holders to purchase shares of the Company’s common stock, were originally issued under the Warrant Agreement dated November 23, 2020.
This agreement was established between the Company—formerly known as Genesis Park Acquisition Corp.—and Continental Stock Transfer & Trust Company, serving as the warrant agent. The redemption process concluded at 5:00 p.m. New York City time on March 24, 2025 (the “Redemption Date”), with unexercised Warrants being redeemed for a nominal price of $0.01 per Warrant (the “Redemption Price”).
Details of the Redemption
On February 20, 2025, Redwire Corporation issued an official press release announcing its intent to redeem all outstanding Warrants by the Redemption Date. This decision was made in accordance with the provisions outlined in the Warrant Agreement. Investors holding Warrants had the opportunity to exercise them before the deadline at the predetermined exercise price of $11.50 per share of common stock.
As of the Redemption Date, a significant portion of the outstanding Warrants—7,205,399 in total—were exercised, resulting in the issuance of 7,205,399 shares of common stock. This exercise generated approximately $82.9 million in proceeds, strengthening the Company’s financial position and supporting its ongoing growth initiatives.
Despite the opportunity to exercise, a total of 1,450,586 Warrants remained unexercised as of 5:00 p.m. on the Redemption Date. These unexercised Warrants were automatically redeemed by the Company at the Redemption Price of $0.01 per Warrant, amounting to an aggregate redemption payment of approximately $14.5 thousand. Following this redemption, Redwire Corporation no longer has any outstanding public Warrants.
Impact on Stock Trading and NYSE Listing
In connection with the redemption, Redwire Corporation’s Warrants ceased trading on the New York Stock Exchange (NYSE) and were formally delisted. The trading suspension was announced on March 21, 2025, ensuring that all transactions related to the Warrants were settled before the Redemption Date. Despite this change, the Company’s common stock continues to trade actively on NYSE under the ticker symbol “RDW.”
This strategic move aligns with Redwire’s broader efforts to streamline its capital structure, minimize potential dilution, and enhance shareholder value. By redeeming the Warrants, the Company simplifies its equity structure while securing additional capital from exercised Warrants. These funds can be leveraged to support Redwire’s ongoing innovation and expansion within the space infrastructure sector.
Strategic and Financial Implications
Redwire Corporation’s decision to redeem the Warrants reflects its confidence in the Company’s financial stability and long-term growth trajectory. The approximately $82.9 million in proceeds from Warrant exercises provides additional liquidity to advance Redwire’s strategic objectives, which include:
- Expanding Space Infrastructure Capabilities: Redwire continues to develop and deploy cutting-edge space technology, including on-orbit servicing, advanced manufacturing in microgravity, and next-generation satellite components.
- Enhancing Research and Development Efforts: The funds raised may be allocated to further innovation in the design and production of critical space systems, ensuring Redwire remains a leader in the evolving space economy.
- Strengthening Financial Position: By redeeming outstanding Warrants, the Company eliminates potential future dilution, which is beneficial to existing shareholders and helps stabilize the stock’s valuation.
Company’s Commitment to Shareholders
Redwire Corporation remains committed to delivering value to its shareholders through financial discipline, strategic investments, and continuous innovation in space technology. With the successful completion of this Warrant redemption, the Company has taken another step toward simplifying its capital structure, reinforcing its financial strength, and positioning itself for sustained success in the rapidly growing space sector.
It is important to note that this announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities. Additionally, the sale of these securities in any jurisdiction remains subject to regulatory compliance, including registration or qualification under applicable securities laws.
Redwire Corporation’s completion of the public Warrant redemption marks a significant milestone in the Company’s financial and operational journey. By eliminating outstanding Warrants and raising substantial capital through exercises, Redwire strengthens its market position and enhances its ability to drive innovation in the space economy. As the Company moves forward, it remains focused on advancing its mission to provide state-of-the-art space infrastructure solutions for commercial, defense, and civil space applications.
