Defense & Geopolitical Fragmentation▲
REDLattice to Go Public in $1.25B SPAC Deal With Bold Eagle
Cyber intelligence and technology provider REDL Intermediate Holdings, LLC, known as REDLattice, said it is going public through a combination with Bold Eagle Acquisition Corp. and will trade on Nasdaq under the ticker "REDL" by the end of 2026. The transaction values REDLattice at $1.25 billion and could produce up to $610 million of gross proceeds, including $335 million of committed capital from new and existing mutual fund and institutional investors and up to $275 million from Bold Eagle's trust account assuming no redemptions. CEO Andy Boyd said REDLattice was built to provide the U.S. and its allies with a decisive technical edge against the world's most sophisticated adversaries, at a moment when artificial intelligence has fundamentally accelerated the pace of cyber conflict. The company will use the proceeds to refinance all its existing debt, fund the final cash earnout payment from its previous acquisition of Paragon Solutions Ltd., and invest in organic growth, product expansion, and M&A. REDLattice provides lawful intercept, vulnerability research and intelligence acquisition solutions for government agencies, with more than 100 customers in 23 countries, and as of June 30 generated $267 million in revenue, a contracted backlog of $200 million, and an active pipeline of $1.5 billion.
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REDLattice · Capital · Positive REDLattice is going public via a $1.25B SPAC merger, raising up to $610M to refinance debt, fund an earnout, and invest in growth and M&A.
BEAG · Capital · Positive Bold Eagle Acquisition Corp. is the SPAC combining with REDLattice in a $1.25B deal, a capital-markets event for the blank-check vehicle.