Hagens Berman Sobol Shapiro LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Securities of Redwire Corporation f/k/a Genesis Park Acquisition Corp. - RDW

JACKSONVILLE, Fla., March 10, 2025 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP announces that the United States District Court for the Middle District of Florida has approved the following announcement of a proposed class action settlement that would benefit purchasers of securities of Redwire Corporation f/k/a Genesis Park Acquisition Corp. (NYSE: RDW):

SUMMARY NOTICE

TO:
All Persons and entities which, between March 25, 2021 and March 31, 2022, inclusive, (a) purchased or otherwise acquired Redwire Corporation common stock ("RDW") or Genesis Park Acquisition Corp. common stock ("GNPK") publicly traded on the New York Stock Exchange ("NYSE"); (b) purchased or otherwise acquired Genesis Park Acquisition Corp. warrants ("GNPK WS") or Redwire Corporation warrants ("RDW WS") publicly traded on the NYSE; (c) purchased or otherwise acquired call options on Redwire Corporation common stock; or (d) sold or otherwise disposed of put options on Redwire Corporation common stock (collectively, the "Settlement Class").

PLEASE READ THIS NOTICE CAREFULLY, YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Middle District of Florida, that a hearing will be held on July 31, 2025, at 11:00 a.m., before the Honorable Timothy J. Corrigan at the United States District Court for the Middle District of Florida, Bryan Simpson U.S. Courthouse, Courtroom 10D, 300 North Hogan Street, Jacksonville, FL 32202, for the purpose of determining: (1) whether the proposed Settlement of the claims in the above-captioned Action for the sum of $8,000,000 in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed Plan of Allocation to distribute the Settlement proceeds is fair, reasonable, and adequate and therefore should be approved; and (3) whether the application of Lead Counsel for an award of attorneys' fees and Litigation Expenses, including interest earned thereon, and award to Lead Plaintiff, from the Settlement Fund, should be approved. 

The Court reserves the right to hold the Settlement Hearing telephonically or by other virtual means. The Court appointed Hagens Berman Sobol Shapiro LLP as Lead Counsel to represent you and the other Settlement Class Members. However, you have the right to retain your own counsel and the right to appear at the Settlement Hearing through counsel of your choosing.

Your rights may be affected by this Settlement if, during the period between March 25, 2021 and March 31, 2022, inclusive, you (a) purchased or otherwise acquired Redwire Corporation common stock ("RDW") or Genesis Park Acquisition Corp. common stock ("GNPK") publicly traded on the New York Stock Exchange ("NYSE"); (b) purchased or otherwise acquired Genesis Park Acquisition Corp. warrants ("GNPK WS") or Redwire Corporation warrants ("RDW WS") publicly traded on the NYSE; (c) purchased or otherwise acquired call options on Redwire Corporation common stock; or (d) sold or otherwise disposed of put options on Redwire Corporation common stock. As further described in the Notice of Pendency and Proposed Settlement of Class Action ("Notice"), you will be bound by any Judgment entered in the Action, whether or not you make a claim, unless you request exclusion from the Settlement Class.

If you are a member of the Settlement Class, your rights will be affected by the pending Action and the Settlement, and you may be entitled to share in the Settlement Fund. The Notice and the Proof of Claim and Release Form ("Claim Form") can be downloaded from the website maintained by the Claims Administrator, www.strategicclaims.net/redwire ("Settlement Website"). You may also obtain copies of the Notice and Claim Form by contacting the Claims Administrator at Redwire Corporation Securities Litigation, c/o Strategic Claims Services, 600 N. Jackson St., Ste. 205, P.O. Box 230, Media, PA 19063; toll-free: (866) 274-4004; fax: (610) 565-7985; email: [email protected].

If you are a member of the Settlement Class, you must submit a Claim Form to the Claims Administrator postmarked, or online at the Settlement Website by 11:59 p.m. ET, no later than June 24, 2025 in order to be eligible to receive a payment under the proposed Settlement. If you are a Settlement Class Member and do not submit a proper Claim Form, you will not be eligible to share in the distribution of the net proceeds of the Settlement, but you will nevertheless be bound by any judgments or orders entered by the Court in the Action.

If you are a member of the Settlement Class and wish to exclude yourself from the Settlement Class, you must submit a request for exclusion to the Claims Administrator such that it is received no later than July 10, 2025, in accordance with the instructions set forth in the Notice. If you properly exclude yourself from the Settlement Class, you will not be bound by any judgments or orders entered by the Court in the Action and you will not be eligible to share in the proceeds of the Settlement.

Any objections to the proposed Settlement, the proposed Plan of Allocation, or Lead Counsel's motion for attorneys' fees, reimbursement of Litigation Expenses, and award to Lead Plaintiff, must be filed with the Court and delivered to Lead Counsel and Defendants' Counsel such that they are received no later than July 10, 2025, in accordance with the instructions set forth in the Notice.

Please do not contact the Court, the Clerk's office, Redwire, or its counsel regarding this notice. All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to Lead Counsel or the Claims Administrator.

Inquiries, other than requests for the Notice and Claim Form, should be made to Lead Counsel:

HAGENS BERMAN SOBOL SHAPIRO LLP
Reed Kathrein
715 Hearst Avenue, Suite 300
Berkeley, CA 94710
510-725-3000
[email protected]

Requests for the Notice and Claim Form should be made to the Claims Administrator at:

Redwire Corporation Securities Litigation
c/o Strategic Claims Services
600 N. Jackson St., Ste. 205
P.O. Box 230
Media, PA 19063
Toll Free Number: (866) 274-4004
Settlement Website: www.strategicclaims.net/redwire
Email: [email protected]

Dated: January 24, 2025
BY ORDER OF THE UNITED STATES 
DISTRICT COURT FOR THE
MIDDLE DISTRICT OF FLORIDA

SOURCE Hagens Berman Sobol Shapiro LLP