Redwire Corporation (NYSE: RDW) has announced that it has received all regulatory approvals required to complete its acquisition of Edge Autonomy. This includes the completion of the antitrust review under the Hart-Scott-Rodino Act in the United States, as well as foreign investment reviews in Latvia, Canada, and the United Kingdom.
The transaction is expected to close in the second quarter of 2025, subject to final closing conditions, including approval of Redwire’s stockholders.
Redwire will file a proxy statement with the SEC relating to a special meeting of its stockholders. Stockholders are urged to carefully read the proxy statement and any other relevant documents as they will contain important information about Redwire, Edge Autonomy, the transaction, and related matters.
It's important to note that Redwire and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Redwire in respect of the proposed business combination contemplated by the proxy statement.
As of the last reporting period, Redwire Corporation's total revenue increased by 15% year-over-year, reaching $75 million. Additionally, their net income saw a significant rise, jumping by 25% to $10 million. These figures indicate a strong financial performance for the company.
Furthermore, the acquisition of Edge Autonomy is poised to bring additional value to Redwire, potentially influencing future financial metrics. This strategic move aligns with Redwire's commitment to expanding its presence in the space infrastructure industry.
Investors and stockholders should stay informed about any further developments related to this acquisition and its potential impact on Redwire's financial position and performance. Following these announcements, the company's shares moved 1.6%, and are now trading at a price of $11.47. If you want to know more, read the company's complete 8-K report here.
