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3h ago

Redwire Slumps as Major Holder Moves to Sell Nearly 10 Million Shares

Analysts still project robust growth with free cash flow turning positive in 2026 despite the leadership shuffle.

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Overview

  • An SEC filing shows BCC Redwire Aggregator, a holder of more than 10% of the company, plans to sell nearly 10 million Redwire shares.
  • Press reports indicate the planned block is priced near $10.15 per share, and the stock traded down toward that level.
  • Shares fell roughly 6% to 7.5% in after-hours and intraday trading following the disclosure of the sale plan.
  • Redwire earlier announced CFO Jonathan Baliff will retire effective Nov. 30, 2025, with Chief Accounting Officer Chris Edmunds set to succeed him as Baliff stays on as a consultant through December 2026.
  • The company appointed Gen. James McConville and Dorothy Hayes as independent directors, replacing Baliff and John Bolton, while S&P Global Market Intelligence data show expectations for about 39% sales growth this year and next and GAAP profitability by 2027.