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Redwire went public via a SPAC merger with Genesis Park Acquisition in a $615m deal.

Synopsis

Redwire, a company providing mission-critical space solutions and components for space architecture, went public via a SPAC merger with Genesis Park Acquisition, a special purposes acquisition company, in a $615m deal. Investors in PIPE include Senvest Management and Crescent Park Management. AE Industrial Partners will remain a significant shareholder in Redwire. "This is a thrilling day for our team, and this milestone achievement is the culmination of the hard work and unmatched innovation of our talented employees. We are grateful for the support of our shareholders and to our partners at Genesis Park and AE Industrial Partners for their continued commitment to Redwire. As a public company in this second golden age of space, we will be in an even better position to deliver value to our customers' missions, help to shape the commercialization of the new space economy and, ultimately, accelerate humanity's expansion into space with our growing portfolio of breakout space infrastructure solutions," Peter Cannito, Redwire Chairman and CEO.

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