RDW · Redwire Corporation

Redwire Corporation has completed the acquisition of Edge Autonomy, a provider of uncrewed airborne system technology, for a total estimated consideration of approximately $1.025 billion. The transaction, closed on June 13, 2025, positions Redwire to expand its capabilities in the defense technology sector. The consideration structure comprised $160 million in cash and the issuance of 49.8 million shares of common stock, implying significant dilution for existing shareholders. To finance the cash component, Redwire utilized a combination of cash on hand and new debt financing, specifically a $90 million term loan and a $100 million seller note, increasing the company's leverage profile.

The filing presents unaudited pro forma condensed combined financial information as if the merger occurred on January 1, 2025. For the year ended December 31, 2025, the pro forma combined entity reports revenues of $422.2 million and a net loss of $258.6 million. The pro forma results include significant transaction expenses of $54.4 million and impairment charges of $34.7 million, which contributed to the reported operating loss of $258.8 million. The pro forma adjustments also reflect increased interest expense of $1.8 million related to the new term loan debt. Management noted that the allocation of purchase consideration is preliminary, with final fair value determinations for assets acquired and liabilities assumed to be completed within the measurement period of up to one year. The financial statements do not reflect any anticipated cost or growth synergies from the combination.