BUSINESS: INVESTOR ALERT: Kirby McInerney LLP Announces A Investigation Of Shareholder Claims For Redwire Corporation (RDW), Investors

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Daniel Webster, dWeb.News Publisher

NEW YORK, Nov. 16, 2021 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP is investigating potential claims against Redwire Corporation (“Redwire” or the “Company”) (NYSE: RDW). Redwire is being investigated for possible violations of federal securities laws, and/or other illegal business practices.

In September 2021, Redwire merged with Genesis Park Acquisition Corp, a special purpose acquisition company.

On November 10, 2021, Redwire announced that it would postpone the release of its third quarter earnings results. An employee notified Redwire of possible accounting problems at a subunit [,]”. The Audit Committee was investigating these allegations. The Company’s stock price fell by $1 on the news. 92 per share, or approximately 16.1%, from $11. 91 per share to close at $9. 99 per share on November 10, 2021.

Then, on November 15, 2021, Redwire stated that it could not timely file its quarterly report for the period ended September 30, 2021. The Company is currently undergoing an accounting investigation into the accounting problems at a subunit of a business. Redwire stated that it was unable to file its quarterly report for the period ending September 75, 2021. The Company’s stock price fell by $0. 75 per share, or approximately 6. 67%, from $11. 25 per share to close at $10. 50 per share on November 15, 2021.

If you purchased or otherwise acquired Redwire securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts for shareholders in securities litigation has resulted in billions in damages. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.

This press release could be considered Attorney Advertising in certain jurisdictions according to the applicable law and ethical guidelines.

Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-371-6600
https://www.kmllp.com
investigations@kmllp.com

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