Redwire Stock Advances 8% Following Amended $925 Mln Edge Autonomy Deal

(RTTNews) - Redwire Corporation (RDW) shares gained 8.19 percent, or $1.51, after the company announced an amended agreement to acquire Edge Autonomy for $925 million.

The revised terms include $160 million in cash and $765 million in Redwire stock valued at $15.07 per share, with a portion held back for potential post-closing adjustments. The stock is currently trading at $19.95, up from a previous close of $18.44 on the New York Stock Exchange. It opened at $19.40 and has traded between $18.57 and $22.25 today, with volume surging to 4.5 million shares. Over the past 52 weeks, Redwire has traded between $4.87 and $26.66. The acquisition is set to expand Redwire's reach in the aerospace sector, bolstering its capabilities with Edge Autonomy's established expertise in uncrewed airborne systems.