The United States District Court for the Middle District of Florida issued a preliminary approval order for a proposed settlement in the shareholder derivative action Yingling v. Cannito, et al. The settlement involves corporate governance reforms and the payment of attorneys' fees and expenses, which the company expects to be funded by insurance. A final approval hearing is scheduled for July 30, 2026. Redwire Corporation is a space infrastructure company providing technology, products, and services for the space industry.
