The PennZone

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Redwire Corporation ("Redwire" or the "Company") (NYSE: RDW) investors concerning the Company's possible violations of federal securities laws.

On November 10, 2021, Redwire announced that it would postpone the release of its third quarter earnings results. The Company "was notified by an employee of potential accounting issues at a business subunit," and the Audit Committee was investigating the allegations.

On this news, Redwire's stock price fell $1.92, or 16%, to close at $9.99 per share on November 10, 2021, thereby injuring investors.

More on The PennZone

• JP Events Azerbaijan to Host 2nd Women in Motorsport Event During the Azerbaijan Grand Prix Week
• MMA Platform Makes History, Pays Jamey-Lyn Horth After Fans Vote on UFC Winnipeg Robbery
• Resident Inspect Joins Property Meld Nexus Network with API Integration
• Premiere Venue Group Announces $25,000 Sponsorship to Support Ann's Heart Programs and Events
• L2 Aviation Awarded IDIQ Contract by the U.S. Army for M1A2 Abrams Tank

Then, on November 15, 2021, Redwire stated that it could not timely file its quarterly report for the period ended September 30, 2021. Due to the pending investigation into the accounting issues at a business subunit, "the Company has not been able to finalize its financial statements or its assessment of the effectiveness of its disclosure controls and procedures and any impact" on the report.

On this news, Redwire's stock price fell $0.70, or 6.7%, to close at $10.50 per share on November 15, 2021, thereby injuring investors further.

If you purchased Redwire securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

More on The PennZone

• Sycor.Rental Named Among 2026 Best Microsoft Dynamics ERP Supply Chain Solutions
• KDG Redefines Enterprise Software Development with AI-Assisted and Agentic Delivery Model
• Beyond Medication: Kellyn Foundation And Highmark Wholecare Tackle Type 2 Diabetes, Obesity With Comprehensive Lifestyle Program
• TrueNorth Wellness Services Raises $10,066 During Give Local York 2026
• Smart Tools App Brings 100+ Everyday Utilities Into One Android Solution

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

---

Show All News | Disclaimer | Report Violation