Redwire Announces $80 Million B. Riley Committed Equity Facility
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 Companys sole discretion, subject to certain limitations and conditions.
- 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 Companys 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.
- The agreement allows us the discretion to raise additional capital when market conditions are favorable and there is a specific need.