As of January 2025, Redwire Corporation has entered into a Voting and Support Agreement with the holders of the company's common stock and Series A Convertible Preferred Stock. The agreement is in connection with the planned acquisition of Edge Autonomy Ultimate Holdings, LP, Edge Autonomy Intermediate Holdings, LLC, and Echelon Purchaser, LLC, through a series of merger transactions.
The agreement requires the stockholders to vote in favor of the issuance of Redwire Corporation's common stock as partial consideration for the acquisition, as well as in favor of the Equity Financing, if any. The stockholders are also required to vote against any action, proposal, transaction, or agreement that would impede or delay the consummation of the transactions contemplated by the Merger Agreement.
Furthermore, the agreement mandates the stockholders to appear at any meeting of the company's stockholders and to cause all of their shares to be counted as present for the purpose of determining a quorum.
The agreement also includes representations and warranties from both Redwire Corporation and the stockholders. Redwire Corporation represents that it has the necessary authority to execute the agreement and consummate the transactions, while the stockholders represent that they have the legal capacity to enter into the agreement and perform their obligations.
The agreement also addresses the stockholders' ownership of the shares, their voting power, and their understanding of the terms of the agreement and the Merger Agreement.
This agreement signifies the commitment of the stockholders to support and facilitate the acquisition and underscores the company's efforts to ensure the successful completion of the transaction. The market has reacted to these announcements by moving the company's shares 24.0% to a price of $18.28. Check out the company's full 8-K submission here.
