Redwire Announces $80 Million B. Riley Committed Equity Facility
16 4월 2022 - 6:12AM
Business Wire
Facility Provides Flexibility to Fuel Growth
Strategy
Redwire Corporation (NYSE: RDW; “Redwire” or “the Company”), a
leader in mission critical space solutions and high reliability
components for the next generation space economy, today announced
that it has entered into an $80 million common stock purchase
agreement with B. Riley Principal Capital, LLC (“B. Riley”) to
further support its growth strategy through initiatives such as
accretive acquisitions and internal investments, to bolster working
capital, and/or for general corporate purposes. The agreement
governs a committed equity facility that provides the Company with
the right, without obligation, to sell and issue up to $80 million
of its common stock over a period of 24 months to B. Riley at the
Company’s sole discretion, subject to certain limitations and
conditions.
“Redwire is a rapidly growing leader in space. Having financial
flexibility is key to successfully executing our growth strategy,”
said Peter Cannito, Chairman and CEO. “We have evaluated the
capital markets and believe that this agreement is the most
cost-effective option to provide incremental capital when needed to
thoughtfully fuel growth. The agreement allows us the discretion to
raise additional capital when market conditions are favorable and
there is a specific need.”
This press release is for informational purposes only and it
does not represent an offer to sell or the solicitation of an offer
to buy any of the Company’s common stock. There will be no sale of
common stock in any jurisdiction in which one would be
unlawful.
Further details are contained in a Current Report on Form 8-K
filed with the Securities and Exchange Commission on April 15,
2022.
About Redwire
Redwire Corporation (NYSE: RDW) is a leader in space
infrastructure for the next generation space economy, with valuable
IP for solar power generation and in-space 3D printing and
manufacturing. With decades of flight heritage combined with the
agile and innovative culture of a commercial space platform,
Redwire is uniquely positioned to assist its customers in solving
the complex challenges of future space missions. For more
information, please visit www.redwirespace.com.
Forward Looking Statements
This press release may contain “forward-looking statements”
about Redwire's future expectations, plans, outlook, projections
and prospects. Such forward-looking statements can be identified by
the use of words such as “should,” “may,” “intends,” “anticipates,”
“believes,” “estimates,” “projects,” “forecasts,” “expects,”
“plans,” “proposes” and similar expressions. Although Redwire
believes that the expectations reflected in these forward-looking
statements are based on reasonable assumptions, there are a number
of risks and uncertainties that could cause actual results to
differ materially from such forward-looking statements. You are
urged to carefully review and consider any cautionary statements
and other disclosures, including the statements made under the
heading “Risk Factors” in our Annual Report on Form 10-K for the
year ended December 31, 2021. Forward-looking statements speak only
as of the date of the document in which they are contained, and
Redwire does not undertake any duty to update any forward-looking
statements except as may be required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220415005203/en/
Investor Contact: Michael Shannon
investorrelations@redwirespace.com 904-425-1413
Redwire (NYSE:RDW)
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Redwire (NYSE:RDW)
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