Bold Eagle agrees $1.25 billion REDLattice combination

Bold Eagle Acquisition ($BEAG) has signed a definitive merger agreement with REDLattice, an operational cyber-intelligence supplier to government customers. The transaction assigns REDLattice a $1.25 billion pre-money enterprise value and includes $335 million of committed financing: $275 million of convertible notes and $60 million of common equity. The notes carry a 4% coupon and a fixed $12.50 conversion price.

Gross proceeds could reach approximately $610 million if no Bold Eagle shareholders redeem their shares. Funds would refinance existing debt, settle an acquisition earnout and support expansion. REDLattice reported $267 million of revenue for the twelve months through June, up 29%. The proposed combination remains subject to shareholder approval, an effective registration statement and other conditions, with closing targeted around year-end. The prospective REDL ticker is not yet the covered instrument.

Sources:

• Bold Eagle / REDLattice joint release — Business Wire / StockTitan