On June 8, 2026, the United States District Court for the Middle District of Florida (the "Court") issued an order (the "Order") for preliminary approval of a proposed settlement of the claims asserted nominally on behalf of Redwire Corporation ("Redwire" or the "Company") against the individual defendants named in the previously disclosed shareholder derivative actions entitled Yingling v. Cannito, et al., Case No. 1:22-cv-00684-MN (D. Del.), which was transferred from the United States District Court for the District of Delaware to the Court. The Court issued the Order in accordance with the Stipulation and Settlement Agreement entered in February 2026 (the "Stipulation"). As previously disclosed in the Company's Form 10-Q filed on May 7, 2026, the proposed settlement calls for the Company to adopt certain corporate governance reforms, as described further in the Stipulation, and pay attorneys' fees and expenses, which the Company expects to be funded by its insurance carrier, in exchange for a full and complete release and dismissal of the derivative actions. The Order set a final approval hearing for July 30, 2026.