STOCK TITAN

RDW Schedule 13D/A: 28,509.34 preferred converted to 9.96M common

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Redwire Corp (RDW) disclosed that Bain Capital Credit Member, LLC and BCC Redwire Aggregator, L.P. (the Reporting Persons) converted 28,509.34 shares of Series A Convertible Preferred Stock into 9,962,691 shares of common stock and then sold those 9,962,691 shares under Rule 144 on October 7, 2025. Following these transactions the Reporting Persons report beneficial ownership of 0 shares, representing 0% of outstanding common stock, and state that this Schedule 13D amendment serves as an exit filing because they now hold less than 5% of the class. The filing amends prior Schedule 13D submissions and incorporates the conversion and subsequent sale as the primary purpose of the transactions.

Positive

  • Exit filing completed showing Reporting Persons reduced ownership to 0 shares (0%)
  • Conversion and sale fully disclosed with exact share counts: 28,509.34 preferred converted to 9,962,691 common shares

Negative

  • Large single-day sale of 9,962,691 shares could have created downward pressure on the stock on October 7, 2025
  • Reporting Persons no longer a potential source of future support via preferred-to-common conversion positions

Insights

TL;DR: Reporting Persons converted preferred stock, sold all resulting common shares, and filed an exit Schedule 13D.

The conversion of 28,509.34 Series A preferred shares into 9,962,691 common shares followed the Certificate of Designation terms and the Reporting Persons directed issuance of the common shares.

The immediate sale of those 9,962,691 shares under Rule 144 on October 7, 2025 reduced beneficial ownership to 0%, triggering this amendment as an exit filing; the signature and certification sections confirm authorized execution.

TL;DR: This is a liquidity exit by a convertible preferred holder; ownership falls below 5% and is now zero.

The transaction does not disclose any retained position by the Reporting Persons and explicitly states they are no longer beneficial owners of more than 5% of the common stock. That removes any disclosure obligations tied to a >5% beneficial owner status.

Near term, investors may note reduced insider/preferred-holder overhang; monitor public float and trading volume following the reported sale on October 7, 2025 for any pricing impact.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


BAIN CAPITAL CREDIT MEMBER, LLC
Signature:/s/ Adriana Rojas Garzon
Name/Title:Adriana Rojas Garzon / Associate General Counsel, Capital Markets
Date:10/09/2025
BCC Redwire Aggregator, L.P.
Signature:/s/ Adriana Rojas Garzon
Name/Title:Adriana Rojas Garzon / Associate General Counsel, Capital Markets
Date:10/09/2025

FAQ

What did Bain Capital Credit report for Redwire (RDW)?

The Reporting Persons converted 28,509.34 Series A Convertible Preferred shares into 9,962,691 common shares and sold those common shares on October 7, 2025, resulting in beneficial ownership of 0 shares (0%).

Does this Schedule 13D/A mean Bain Capital still owns RDW stock?

No. The amendment states the Reporting Persons are beneficial owners of 0 shares and it is an exit filing because they hold less than 5% of the class.

How many common shares were issued upon conversion?

The Certificate of Designation conversion resulted in issuance of 9,962,691 shares of common stock.

When were the converted shares sold?

The filing reports the sale of the 9,962,691 converted shares occurred under Rule 144 on October 7, 2025.

Does the filing indicate any other transactions in the past 60 days?

Other than the conversion and sale disclosed in Item 4, the filing states no Reporting Person effected transactions in the common stock during the past 60 days of the prior (Seventh) Amendment.