Major Investment Firm Gains Board Seat in Redwire's Space Tech Expansion
Rhea-AI Filing Summary
Edge Autonomy Ultimate Holdings, LP has filed a Form 3 (Initial Statement of Beneficial Ownership) for Redwire Corp (RDW), disclosing beneficial ownership of 49,764,847 shares of common stock acquired through a merger agreement dated January 20, 2025.
Key details of the filing:
- The shares were acquired pursuant to a merger agreement between Redwire and Edge Autonomy entities
- Edge Autonomy serves as both a Director and 10% Owner of Redwire
- Voting and dispositive power is exercised by Michael Greene and David H. Rowe, managing members of AeroEquity GP, LLC
- The AE Funds (AE Industrial Partners Fund II-B, LP, Fund II, LP, and Fund II-A, LP) are controlling equityholders of the reporting entity
- Kirk Michael Konert, Partner of AE Industrial Partners, LP, may be considered a director by deputization
Positive
- Edge Autonomy Ultimate Holdings acquires significant ownership stake of 49.7M shares, representing over 10% ownership in Redwire Corp, indicating strong institutional backing
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Edge Autonomy Ultimate Holdings, LP
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, par value $0.0001 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 49,764,847 shares (Direct)
Footnotes (3)
- F1. Consists of 49,764,847 shares of common stock issued to Edge Autonomy Ultimate Holdings, LP, a Delaware limited partnership ("Seller"), pursuant to that certain Agreement and Plan of Merger, dated January 20, 2025, as amended February 3, 2025, by and among the Issuer, Seller, Edge Autonomy Intermediate Holdings, LLC, a Delaware limited liability company, Echelon Merger Sub, Inc., a Delaware corporation and a direct wholly-owned subsidiary of the Issuer, and Echelon Purchaser, LLC, a Delaware limited liability company and a direct wholly-owned subsidiary of the Issuer.
- F2. Voting and dispositive power with respect to the shares of common stock held by Seller is exercised by Michael Greene and David H. Rowe, the managing members of AeroEquity GP, LLC, which is the general partner of the general partner of each of the AE Funds (as defined below). AE Industrial Partners Fund II-B, LP ("AE Fund II-B"), AE Industrial Partners Fund II, LP ("AE Fund II LP") and AE Industrial Partners Fund II-A, LP ("AE Fund II-A" and together with AE Fund II-B and AE Fund II LP, the "AE Funds") are the controlling equityholders of Seller.
- F3. Each of the foregoing entities and individuals disclaims beneficial ownership of the shares reported hereby, except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is Edge Autonomy's relationship to RDW according to the Form 3?
According to the Form 3 filing, Edge Autonomy Ultimate Holdings, LP serves as both a Director and a 10% Owner of Redwire Corporation (RDW), making it a significant insider with substantial ownership and governance influence.
When did Edge Autonomy acquire its position in RDW?
Edge Autonomy Ultimate Holdings acquired its RDW shares through a merger agreement dated January 20, 2025 (amended February 3, 2025), with the event requiring this Form 3 filing occurring on June 13, 2025.
Which investment funds control Edge Autonomy's RDW holdings?
The controlling equityholders of Edge Autonomy Ultimate Holdings are three AE Industrial Partners funds: AE Industrial Partners Fund II-B, LP, AE Industrial Partners Fund II, LP, and AE Industrial Partners Fund II-A, LP (collectively referred to as the 'AE Funds').