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  • Friday, April 19, 2024

Genesis Park Shareholders Clear Redwire Merger

Shareholders at blank check company Genesis Park Acquisition (NYSE: GNPK) approved Wednesday the proposed combination with Redwire, a space infrastructure company.

Holders of approximately 73 percent of Genesis Park’s outstanding shares as of Aug. 2, or about 97 percent of the votes cast at the special meeting, voted in favor of the merger agreement, the companies said in a joint release Wednesday.

The transaction is expected to close Thursday and the combined entity will operate as Redwire.

Redwire is set to list its common stock and warrants on the New York Stock Exchange under the ticker symbols “RDW” and “RDW WS,” respectively, starting Friday, Sept. 3.

In March, Jacksonville, Florida-based Redwire signed a merger deal with Genesis Park, a special purpose acquisition company, as part of efforts to become a publicly traded company.

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