Redwire Corporation $8M Securities Settlement

If you purchased or otherwise acquired Redwire Corporation securities between March 25, 2021, and March 31, 2022, you may qualify to submit a claim for a payment from a $8,000,000 class action settlement.

Redwire Corporation has agreed to pay to settle a class action lawsuit for alleged violations of federal securities laws, including making materially false and misleading statements about the company's internal controls and accounting practices.

Who is eligible for a settlement payment?

Class members include all persons and entities who:

• Purchased or otherwise acquired Redwire Corporation common stock, warrants, or call options between March 25, 2021, and March 31, 2022.
• Sold or otherwise disposed of put options during the same time period.

How much is the class action payout?

Payment amounts will be determined by the Plan of Allocation, and the number of, type, and timing of Redwire securities transactions.

• Common Stock: Estimated average recovery is $0.42 per affected share.
• Warrants: Estimated average recovery is $0.18 per affected warrant.
• Call Options: Estimated average recovery is $0.15 per affected call option.
• Put Options: Estimated average recovery is $0.28 per affected put option.

All payment estimates are before the deduction of court-approved fees, expenses, and Lead Plaintiff award.

How to claim a Redwire settlement payment

To claim a payout, class members must complete and submit a claim form by the June 24, 2025 deadline. You can submit on the settlement website through the online claim form or a PDF claim form can be printed and mailed to the settlement administrator.

Settlement Administrator's mailing address: Redwire Corporation Securities Litigation, c/o Strategic Claims Services, 600 N. Jackson St., Ste. 205, Media, PA 19063

Required proof

Yes, claimants need to provide supporting documentation:

• Social Security Number or Taxpayer Identification Number.
• Account number through which the Redwire securities were traded.
• Brokerage confirmation slips, brokerage account statements, or authorized statement from your broker confirming transactions.

Payout options

A paper check will be mailed to address provided.

$8 Million class action settlement fund

The settlement fund of $8,000,000 will cover various costs:

• Settlement administration costs: Estimated not to exceed $200,000
• Attorneys' fees: Up to $2,640,000
• Attorneys' expenses: Not to exceed $550,000
• Service award to Lead Plaintiff: Not to exceed $10,000
• Payments to approved claimants: Remaining settlement funds after deductions

Important dates

• Fairness Hearing: July 31, 2025
• Deadline to File a Claim: June 24, 2025

When is the Redwire Corporation settlement payment date?

The court will hold a Fairness Hearing on July 31, 2025. Once the court grants the settlement final approval, claims will be processed and payments will be issued to valid class members.

Why was there a class action settlement?

The lawsuit alleged that Redwire Corporation and its executives violated federal securities laws by making false and misleading statements about the company's internal controls and accounting practices. The settlement was reached to avoid the uncertainty and expense of further litigation, including a possible trial.

Sources

1] [Official Settlement Website

2] [Class Notice