REDLattice agrees SPAC deal with Bold Eagle Acquisition to list in US
The defense technology company was valued at a pre-money enterprise value of $1.25 billion. The deal is expected to generate up to about $610 million in proceeds, including $335 million in committed capital, and close around year-end 2026.
Sept 28 (Reuters) — REDLattice has agreed to go public in the US through a special purpose acquisition deal with blank-check firm Bold Eagle Acquisition, the companies said on Monday. 25 billion. Here are some details: The deal is expected to generate proceeds of up to roughly $610 million, including $335 million in committed capital from new and existing mutual fund and institutional investors. It comes as special purpose acquisition companies (SPACs), an alternative route to public markets, are making a comeback in the US after years of subdued activity.
A SPAC is a shell company that raises capital through an initial public offering and then uses the funds to merge with or acquire a private company, taking it public without a traditional IPO. Founded in 2012, REDLattice provides lawful intercept, vulnerability research and intelligence acquisition solutions. "The company sells exclusively to government agencies at the nation-state or federal level and is a trusted partner to more than 100 customers across 23 countries," it added. " The companies expect the deal will close around year-end 2026.
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