Redwire Corp. (NYSE:RDW) shares slipped in Wednesday's extended trading after the company released its fourth-quarter earnings report with a wider-than-expected quarterly loss. Here's a look at the details from the quarter.    RDW stock is moving. Watch the price action here.The Details: Redwire reported quarterly losses of 58 cents per share, which missed the consensus estimatefor losses of 19 cents, according to Benzinga Pro.Quarterly revenue came in at $108.79 million, which beat the Street estimate of $ ...

Exhibit 10.1 Execution Version AMENDED AND RESTATED CREDIT AGREEMENT dated as of February 20, 2026 among REDWIRE DEFENSE TECH INTERMEDIATE HOLDINGS, LLC, as the Parent, REDWIRE DEFENSE TECH INTERMEDIATE II HOLDINGS, LLC, as the Lead Borrower, THE OTHER BORROWERS PARTY HERETO FROM TIME TO TIME, THE OTHER GUARANTORS PARTY HERETO FROM TIME TO TIME, JPMORGAN CHASE BANK, N.A., as Administrative Agent and Collateral Agent, and THE LENDERS PARTY HERETO FROM TIME TO TIME and JPMORGAN CHASE BANK, N.A. and TRUIST SEC ...

Group 1: Transaction Overview - Red Holdings, LLC AE reported the indirect sale of 1,435,492 shares of Redwire Corporation for approximately $14.49 million across multiple transactions on February 9 and 10, 2026 [1][2] - This sale represented 3.09% of Red Holdings' indirect holdings, leaving a total of 45,094,000 shares post-transaction [3] - The shares were sold indirectly through entities including AE Red Holdings, LLC, and Edge Autonomy Ultimate Holdings, LP [3] Group 2: Company Financials - Redwire Corporation reported a total revenue of $296.15 million and a net income of -$268.03 million for the trailing twelve months (TTM) [4] - The company has 750 employees and experienced a 1-year price change of -63.21% as of February 21, 2026 [4] Group 3: Company Profile - Redwire Corporation specializes in developing and manufacturing mission-critical space infrastructure within the aerospace and defense sector, offering products such as antennas, advanced sensors, solar arrays, and software for digital engineering [5] Group 4: Market Context - The recent sales by AE Red Holdings followed a significant increase in Redwire's share prices, which climbed approximately 50% in January 2026, but the stock has since lost most of that gain [7] - The company is expected to report its fourth-quarter earnings for FY 2025 soon, with projections indicating it may close FY 2026 with its worst annual net loss, having already lost $208.25 million [8]

Core Viewpoint - Redwire shares are experiencing upward momentum, driven by increased expectations for demand in national security and space-based infrastructure due to geopolitical tensions [2][3]. Company Performance - Redwire shares increased by 5% to $8.30 at market close on Wednesday, with key resistance at $9 and support at $7.50 [7]. - The stock is currently trading 22% below its 20-day simple moving average (SMA) and 1.9% below its 100-day SMA, indicating short-term weakness but some resilience in the longer term [4]. - Over the past 12 months, shares have decreased by 64.99%, positioning them closer to their 52-week lows than highs, suggesting ongoing challenges for the stock [4]. Technical Indicators - The Relative Strength Index (RSI) is at 41.01, indicating neutral territory, meaning the stock is neither overbought nor oversold [5]. - The Moving Average Convergence Divergence (MACD) is at -0.4238, below its signal line at 0.0797, indicating bearish pressure on the stock [5]. - The combination of a neutral RSI and bearish MACD suggests mixed momentum, reflecting uncertainty in the stock's near-term direction [5]. Market Context - The rhetoric from the Trump administration regarding potential military action has reinforced expectations for sustained demand for space-based surveillance and communications, which are central to Redwire's government-focused business [2][3]. - The Benzinga Edge scorecard indicates that Redwire's momentum is weak, with a score of 5.22, suggesting the stock is underperforming the broader market [6].

Core Insights - Redwire and Firefly both reported significant losses in Q3 2025, with Redwire's revenue at $103.4 million and a net loss of $41.2 million, while Firefly reported $30.8 million in revenue and a net loss of $133.4 million, leading to stock declines of over 20% for both companies [1] Group 1: Company Performance - Redwire achieved a year-over-year revenue growth of 50.7% but has a gross margin of only 16.3%, indicating challenges in profitability [1] - Firefly's revenue nearly doubled quarter-over-quarter with a 98% sequential growth, driven by its acquisition of SciTec, but it still reported a gross margin of 27.6% and significant cash burn [1] - Planet Labs reported Q3 revenue of $81.3 million with breakeven EPS and a gross margin of 57%, showcasing a more stable financial profile compared to Redwire and Firefly [1] Group 2: Market Positioning - Redwire focuses on space infrastructure and autonomous systems, with a book-to-bill ratio of 1.25 suggesting demand is holding, despite operational challenges [1] - Firefly is concentrated on launch services and lunar missions, having secured a $176.7 million NASA contract, but faces high cash burn rates [1] - Both companies need to demonstrate margin improvement and consistent execution to reach profitability, while Planet Labs offers a more mature business model with established profitability [1]

Industry Overview - Space stocks experienced a decline on heavy trading as investors reacted to multiple industry challenges, including hardware concerns and sensitivity to Elon Musk's comments regarding SpaceX and AI integration with orbital data [1] - A significant satellite player announced a large convertible note offering, which negatively impacted the entire sector [2] Company-Specific Developments AST SpaceMobile (ASTS) - AST SpaceMobile was downgraded from Buy to Neutral by B. Riley Securities, although the price target was raised to a Street-high $105, indicating a potential upside of approximately 20% from current levels [3] - Despite a recent slip, ASTS stock has gained about 15% in 2026 [3] Rocket Lab (RKLB) - Rocket Lab's stock fell by 8% on Thursday, contributing to a total loss of over 27% in the past month due to concerns over a stage-1 tank rupture during a qualification test for its Neutron rocket [4] - The company has a backlog exceeding $1 billion, but fears of delays for its first medium-lift launch have led investors to take profits after a significant rally over the past year [4] Redwire (RDW) - Redwire's shares dropped on Thursday, influenced by the overall downward trend in the space sector and heavy insider selling [5] - Zacks Investment Research downgraded Redwire from Hold to Strong Sell, further pressuring the stock, which has lost 24% over the past month [5] Firefly Aerospace (FLY) - Firefly Aerospace's shares also declined as investors reacted to industry hardware setbacks and AST's convertible note offering [6] - The stock has seen a sharp correction, falling nearly 40% over the past month after a strong start to the year [6] Planet Labs (PL) - Planet Labs signed a nine-figure deal with the Swedish Armed Forces, demonstrating the effectiveness of its satellite-as-a-service model [8] - The company is integrating its high-frequency satellite data into AXA's AI-driven disaster management tool to enhance real-time predictions and responses to natural disasters [7] Intuitive Machines (LUNR) - Intuitive Machines' stock pulled back after a period of strength, following the $800 million acquisition of Lanteris Space Systems and securing contracts with the Air Force Research Laboratory [9] - Traders may be locking in gains ahead of the high-risk IM-2 lunar mission scheduled for later this year, as the stock has nearly doubled in the past year [9]

Core Viewpoint - Redwire Corporation is experiencing increased bearish pressure due to rising short interest and institutional selling, alongside a sector rotation away from public space stocks [1]. Short Interest - Short interest in Redwire stock rose from 20.78 million to 25.58 million shares, representing 22.55% of the company's publicly available shares [2]. Institutional Selling - AE Industrial Partners sold nearly 8.8 million shares for over $114 million at a weighted average price of $13.07, indicating significant institutional selling [3]. Market Context - Investors are reallocating capital from public space stocks amid speculation of a potential SpaceX IPO valued at $1.5 trillion [4]. - Redwire secured a position on the Missile Defense Agency's Multi-Vendor SHIELD IDIQ contract, part of a $151 billion defense program [4]. Technical Analysis - Redwire stock is trading 25.9% below its 20-day simple moving average (SMA) and 10.3% below its 50-day SMA, indicating short-term weakness [5]. - Over the past 12 months, shares have decreased by 67.09% and are closer to their 52-week lows [5]. Momentum Indicators - The Relative Strength Index (RSI) is at 44.45, indicating neutral territory, while the MACD is below its signal line, suggesting bearish pressure [6]. Earnings & Analyst Outlook - Redwire is expected to provide its next financial update on March 9, 2026 [7]. - The stock carries a Buy Rating with an average price forecast of $10.93, with recent analyst actions indicating mixed sentiments [8]. Price Action - Redwire shares were down 9.99% at $8.11 at the time of publication [8]. - Key resistance is at $9.00 and key support is at $7.50 [8].

Group 1 - Thomasville National Bank has appointed Ted Frazee to its Board of Directors, who is currently the President of Redwire, an electronic security and life-safety integration company [1][2] - Ted Frazee has been with Redwire since 2003 and has served as President since 2016, bringing significant experience to the board [1] - The bank's Chairman and CEO, Stephen Cheney, expressed confidence that Frazee's expertise will enhance the board's effectiveness and strategic impact, particularly in the Tallahassee market [2] Group 2 - Thomasville Bancshares, Inc. is the holding company for Thomasville National Bank, which has total assets exceeding $2 billion and provides full-service banking and commercial lending in South Georgia and North Florida [2] - Thomasville National Bank was ranked 4th nationally in American Banker's Top 200 Community Banks in 2025 based on a three-year average return on shareholders' equity [2] - The bank's trust and investment division, TNB Financial Services, manages client assets over $5.5 billion and offers a range of financial services [2]

Core Thesis - Redwire Corporation is viewed positively as a potential investment opportunity, trading at $12.81 as of January 29th, with a market cap of approximately $1 billion, indicating it is undervalued relative to its strategic assets [1][3]. Company Overview - Redwire Corporation provides essential space solutions and infrastructure for both government and commercial clients across the U.S., Europe, and globally, positioning itself as a diversified player in the growing orbital economy [3]. - The company has evolved from a conglomerate of acquisitions into a unified prime contractor, delivering mission-critical technologies for low-Earth orbit, national security, and the Artemis lunar program [4]. Investment Case - The investment thesis is divided into two scenarios: a base-case normalization scenario and a high-conviction bull case. The base case anticipates stabilization in government contracting cycles and a potential EBITDA inflection by 2026, supporting a valuation range of $22–24 as governance penalties diminish [5]. - The bull case suggests that Redwire will be pivotal in enabling space-based computing, driven by terrestrial power constraints, with proprietary technologies like ROSA solar arrays and ZBLAN optical fiber serving as key components for orbital data center developments, potentially leading to a 10x rerating catalyst [6]. Market Dynamics - The company benefits from a durable backlog visibility due to defense-driven drone procurement, DARPA's VLEO programs, and NASA's Artemis spending, while Edge Autonomy contributes to near-term cash flow [7]. - Despite challenges such as potential dilution, cash burn, and governance issues, the combination of strategic positioning, technological advantages, and multiple catalysts offers significant upside for investors willing to manage volatility [7].

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgency to invest now [1][13] - The energy demands of AI technologies are significant, with data centers consuming as much energy as small cities, leading to concerns about power grid capacity and rising electricity prices [2][3] Investment Opportunity - A specific company is highlighted as a potential investment opportunity, possessing critical energy infrastructure assets that are essential for supporting the anticipated surge in energy demand from AI data centers [3][7] - This company is positioned as a "toll booth" operator in the AI energy boom, benefiting from the increasing need for electricity as AI technologies expand [4][5] Market Position - The company is noted for its unique capabilities in executing large-scale engineering, procurement, and construction (EPC) projects across various energy sectors, including nuclear energy, oil, gas, and renewable fuels [7][8] - It is described as being debt-free and holding a significant cash reserve, which is approximately one-third of its market capitalization, providing a strong financial foundation [8][10] Strategic Advantages - The company has a substantial equity stake in another AI-related venture, offering investors indirect exposure to multiple growth opportunities in the AI sector without the associated high premiums [9][10] - Wall Street is beginning to recognize this company due to its undervalued status and its ability to capitalize on the growing demand for energy in the AI landscape [8][10] Future Outlook - The ongoing influx of talent into the AI sector is expected to drive continuous innovation and advancements, reinforcing the importance of investing in AI-related companies [12] - The combination of AI infrastructure needs, the onshoring trend driven by tariffs, and the surge in U.S. LNG exports positions this company favorably for future growth [14]