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

• Colony Ridge Communities Celebrates Successful Soccer Season Kickoff with Families and Youth
• Best Companies Group Free Launches Best Places to Work in Michigan Program
• Billy Bob Thornton & The Boxmasters Coming to The Eichelberger Performing Arts Center This August
• EFA Announces 2026 Editorial Rate Chart
• NYC Composer/Educator Launches Debut Children's Book to Fantastic Reviews

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

• Red5 Taps PubNub to Power the Next Era of Real-Time Interactive Streaming
• Shoutout Joseph Neibich aka Nybyk
• Meet Joseph Neibich aka Joseph Nybyk of Beachwood Canyon
• LARUS Launches Business Continuity Framework for IPv4-Dependent Networks
• KeysCaribbean Offers 'Skip-the-Crowds' Savings With 15 Percent Off April Stays

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 | Report Violation