Redwire, Genesis Park Complete Merger; Peter Cannito Quoted

Redwire will officially launch Friday as a publicly listed space infrastructure company following the completion of its merger with Genesis Park Acquisition (NYSE: GNPK), a blank check company.

Redwire will list its common stock and warrants on the New York Stock Exchange under the ticker symbols “RDW” and “RDW WS,” respectively, the companies said in a joint release published Thursday.

The business combination came a day after shareholders at Genesis Park approved the transaction, which gives Redwire a pro forma enterprise value of $620 million.

Peter Cannito, chairman and CEO of Redwire, said the company’s transition into a publicly traded entity will further strengthen its capability to support clients’ missions, help advance the commercialization of the space economy and accelerate space expansion efforts through its space infrastructure platforms.

Jacksonville, Florida-based Redwire has partnered with the Department of Defense, civil agency and commercial clients on space programs and is advancing digitally designed spacecraft, on-orbit 3D printing and advanced robotics.

In March, Redwire struck a merger deal with Genesis Park as part of efforts to go public.

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