[ad_1]
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 …
Full story available on Benzinga.com
[ad_2]
Source link
