JACKSONVILLE, Fla. and
HOUSTON, Sept. 1, 2021 /PRNewswire/ -- Genesis Park
Acquisition Corp. ("GPAC") (NYSE: GNPK), a U.S.
publicly-traded special purpose acquisition company, and Redwire,
LLC ("Redwire" or the "Company"), a leader in mission critical
space solutions and high reliability components for the next
generation space economy, announced that at GPAC's
extraordinary general meeting held today (the "Extraordinary
General Meeting"), GPAC's shareholders voted to approve the
previously announced proposed business combination between GPAC and
Redwire (the "Business Combination"), as well as all other
proposals related to the Business Combination. Approximately 97% of
the votes cast at the meeting, representing approximately 73% of
GPAC's outstanding shares as of the record date, voted to approve
the Business Combination.
GPAC plans to file the results of the Extraordinary General
Meeting, as tabulated by an independent inspector of elections, on
a Form 8-K with the Securities and Exchange Commission (the "SEC")
today.
Based on today's shareholder approval and subject to the
satisfaction or waiver of certain other closing conditions as
described in the GPAC definitive proxy statement/prospectus, the
Business Combination is expected to be consummated on or about
September 2, 2021. Following the
consummation of the Business Combination, the combined company will
operate as Redwire Corporation and its shares of common stock and
warrants are expected to trade on the New York Stock Exchange
beginning on September 3, 2021 under
the symbols "RDW" and "RDW WS," respectively.
About Redwire
Redwire is a leader in mission critical space solutions and high
reliability components for the next generation space economy, with
valuable IP for solar power generation and in-space 3D printing and
manufacturing. With decades of flight heritage combined with the
agile and innovative culture of a commercial space platform,
Redwire is uniquely positioned to assist its customers in solving
the complex challenges of future space missions. For more
information, please visit www.redwirespace.com.
About GPAC
Genesis Park is a publicly traded
special purpose acquisition company sponsored by an affiliate of
Genesis Park, trading on the NYSE under the ticker symbol NYSE:
GNPK. GNPK is one of the first aerospace and aviation services
special purpose acquisition companies, and may pursue an initial
business combination in any industry or geographic region, but
specifically seeks to capitalize on the operational and investment
experience of the GNPK management team and Board of Directors by
focusing on companies that have significant growth prospects in the
aerospace and aviation services sector.
Contacts:
Media: Austin
Jordan
321-536-8632
Austin.jordan@redwirespace.com
OR
Investors:
investorrelations@redwirespace.com
Forward Looking Statements
This document includes "forward looking statements" within the
meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"forecast," "intend," "seek," "target," "anticipate," "believe,"
"expect," "estimate," "plan," "outlook," and "project" and other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. Such
forward looking statements with respect to revenues, earnings,
performance, strategies, prospects and other aspects of the
businesses of Genesis Park Acquisition Corp., Redwire or the
combined company after completion of the Business Combination are
based on current expectations that are subject to risks and
uncertainties. A number of factors could cause actual results or
outcomes to differ materially from those indicated by such forward
looking statements. These factors include, but are not limited to:
(1) the occurrence of any event, change or other circumstances that
could give rise to the termination of the merger agreement
governing the proposed business combination; (2) the inability to
complete the transactions contemplated by the merger agreement due
to the failure to obtain approval of the shareholders of Genesis
Park Acquisition Corp. or other conditions to closing in the merger
agreement; (3) the ability to meet NYSE's listing standards
following the consummation of the transactions contemplated by the
merger agreement; (4) the risk that the proposed transaction
disrupts current plans and operations of Redwire as a result of the
announcement and consummation of the transactions described herein;
(5) the ability to recognize the anticipated benefits of the
proposed business combination, which may be affected by, among
other things, competition, the ability of the combined company to
grow and manage growth profitably, maintain relationships with
customers and suppliers and retain its management and key
employees; (6) costs related to the proposed business combination;
(7) changes in applicable laws or regulations; (8) the possibility
that Redwire may be adversely affected by other economic, business,
and/or competitive factors; and (9) other risks and uncertainties
indicated from time to time in other documents filed or to be filed
with the SEC by Genesis Park Acquisition Corp. You are cautioned
not to place undue reliance upon any forward-looking statements,
which speak only as of the date made. Genesis Park Acquisition
Corp. and Redwire undertake no commitment to update or revise the
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law.
Additional Information
In connection with the proposed business combination between
Redwire and Genesis Park Acquisition Corp., Genesis Park
Acquisition Corp. filed with the SEC a definitive proxy statement /
prospectus on August 11, 2021 is
mailing the definitive proxy statement / prospectus and other
relevant documentation to Genesis Park Acquisition Corp.
shareholders. This document does not contain all the information
that should be considered concerning the proposed business
combination. It is not intended to form the basis of any investment
decision or any other decision in respect to the proposed business
combination. Genesis Park Acquisition Corp. shareholders and other
interested persons are advised to read the definitive proxy
statement / prospectus in connection with Genesis Park Acquisition
Corp.'s solicitation of proxies for the special meeting to be held
to approve the transactions contemplated by the proposed business
combination because these materials will contain important
information about Redwire, Genesis Park Acquisition Corp. and the
proposed business combination. The definitive proxy statement /
prospectus is being mailed to Genesis Park Acquisition Corp.
shareholders as of August 2, 2021,
the record date established for voting on the proposed business
combination.
Shareholders are also able to obtain a copy of the definitive
proxy statement / prospectus, without charge, at the SEC's website
at http://sec.gov or by directing a written request to Genesis
Park Acquisition Corp., 2000 Edwards Street, Suite B, Houston, Texas 77007.
This document shall not constitute a solicitation of a proxy,
consent or authorization with respect to any securities or in
respect of the proposed business combination.
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SOURCE Genesis Park Acquisition Corp.; Redwire
