Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Redwire Corp. f/k/a Genesis Park Acquisition Corp.

LOS ANGELES, Dec. 17, 2021 – (BUSINESS WIRE) – Glancy Prongay & Murray LLP (“GPM”) announces that they have filed a class action lawsuit against Lemen v. Redwire Corporation et al. (Case No. 21-cv-1254) on behalf of the persons and entities that make up Redwire Corporation f / k / a Genesis Park Acquisition Corp. (“Redwire” or the “Company”) purchased or otherwise acquired (NYSE: RDW) securities between August 11, 2021 and November 14, 2021, inclusive (the “Class Period”). Plaintiff is pursuing claims under Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 (the “Exchange Act”).

Investors are hereby notified that they have 60 days from this notification to appoint the court as the lead plaintiff in this lawsuit.

If you have suffered a loss on your Redwire investment or if you want to inquire about whether you would like to make claims under U.S. securities laws to recover your loss, you can find your contact information at www.glancylaw.com/cases/redwire- corporation / transmit. You can also contact Charles H. Linehan of GPM at 310-201-9150, toll free at 888-773-9224, email [email protected], or visit our website at www.glancylaw.com to learn more about your rights.

On November 10, 2021, Redwire announced that it would postpone the release of its third quarter results. The company “was informed by an employee of potential accounting issues in a business unit,” and the Audit Committee investigated the allegations.

Due to this news, Redwire’s share price fell $ 1.92, or 16%, on an unusually high trading volume, to close at $ 9.99 per share on November 10, 2021.

Then, on November 15, 2021, Redwire announced that it was unable to file its quarterly report for the period ended September 30, 2021 in time to complete its financial statements or assess the effectiveness of its disclosure controls and procedures and any “impact” on the report.

The story goes on

As a result of this news, Redwire’s share price fell $ 0.93, or 8.3%, in two consecutive trading sessions, closing at $ 10.32 per share on November 16, 2021 with unusually high trading volume.

The complaint filed in this class action lawsuit alleges that during the collection period the defendants made materially false and / or misleading statements and disclosed material adverse facts about the company’s business, operations and prospects. In particular, Defendants failed to disclose to investors: (1) that one of Redwire’s sub-entities had accounting problems; (2) that there were, as a result, additional material weaknesses in Redwire’s internal control over financial reporting; and (3) that, based on the foregoing, Defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and / or improperly based.

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If you have purchased or otherwise acquired Redwire securities during the Class Action Period, you may request the court to appoint you as the lead plaintiff no later than 60 days after such notice. You don’t need to do anything at this point to be a member of the class; You can hire a lawyer of your choice or do nothing and remain an absent member of the group. If you would like to learn more about this promotion, or have any questions about this announcement or your rights or interests in relation to these matters, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, toll free at 888-773-9224, email at [email protected], or visit our website at www.glancylaw.com. For inquiries by e-mail, please include your postal address, telephone number and the number of shares purchased.

This press release may be viewed as a solicitation in some jurisdictions subject to applicable laws and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211217005653/en/

contacts

Glancy Prongay & Murray LLP, Los Angeles
Charles H. Linehan, 310-201-9150 or 888-773-9224
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
www.glancylaw.com
[email protected]

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