10-Q Filing

REDWIRE CORP CIK: 1819810 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001193125-21-246226`
Period End Date	20210630
Filing Date	20210813
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	d122011d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 13 Cash Flow Statement 17 Stockholders Equity 11

Balance Sheet 45 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$557.20K	USD	Point-in-time
Cash	`Cash`	$1.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$185.01K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$122.83K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$680.03K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.48M	USD	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrust`	$166.29M	USD	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrust`	$166.24M	USD	Point-in-time
Total Assets	`Assets`	$166.97M	USD	Point-in-time
Total Assets	`Assets`	$167.72M	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$194.80K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$125.00K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Due to related party	`AccountsPayableRelatedPartiesCurrent`	$2.50K	USD	Point-in-time
Due to related party	`AccountsPayableRelatedPartiesCurrent`	$53.95K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$127.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$248.75K	USD	Point-in-time
Warrant liability	`WarrantLiabilityNoncurrent`	$41.17M	USD	Point-in-time
Warrant liability	`WarrantLiabilityNoncurrent`	$36.55M	USD	Point-in-time
Deferred underwriting discount	`DeferredUnderwritingDiscount`	$5.73M	USD	Point-in-time
Deferred underwriting discount	`DeferredUnderwritingDiscount`	$5.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$42.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$47.15M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption, 11,312,564 and 11,853,653 shares at $10.15 per share, respectively	`RedeemableNoncontrollingInterestEquityCommonRedemptionValue`	$120.31M	USD	Point-in-time
Class A ordinary shares subject to possible redemption, 11,312,564 and 11,853,653 shares at $10.15 per share, respectively	`RedeemableNoncontrollingInterestEquityCommonRedemptionValue`	$114.82M	USD	Point-in-time
Preference shares, $0.0001 par value; 2,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 2,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$22.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.75M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$167.72M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$166.97M	USD	Point-in-time

Income Statement 13 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$707.64K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$921.61K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-921.61K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-707.64K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$4.62M	USD	2 Qtrs
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$5.06M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$18.18K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$46.64K	USD	2 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-4.57M	USD	2 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-5.04M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-5.49M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-5.75M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$260.15K	USD	1 Quarter

Cash Flow Statement 17 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.49M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.75M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$260.15K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeSecuritiesUSTreasury`	$46.64K	USD	2 Qtrs
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$4.62M	USD	2 Qtrs
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$5.06M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets`	$-62.19K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$69.80K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-789.63K	USD	2 Qtrs
Due to related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$51.45K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$51.45K	USD	2 Qtrs
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-738.18K	USD	2 Qtrs
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.30M	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$557.20K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.30M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$557.20K	USD	Point-in-time
Change in value of Class A ordinary shares subject to possible redemption	`ChangeInValueOfClassAOrdinarySharesSubjectToPossibleRedemption`	$5.49M	USD	2 Qtrs

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Change in Class A ordinary shares subject to possible redemption, Value	`StockIssuedDuringPeriodValueChangeInClassAOrdinarySharesSubjectToPossibleRedemption`	$5.75M	USD	1 Quarter
Change in Class A ordinary shares subject to possible redemption, Value	`StockIssuedDuringPeriodValueChangeInClassAOrdinarySharesSubjectToPossibleRedemption`	$-260.14K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-5.49M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-5.75M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$260.15K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.