REDLattice agrees to go public through $1.25 billion SPAC deal

  • REDLattice agreed to combine with Bold Eagle Acquisition and pursue a Nasdaq listing.
  • The transaction values REDLattice at $1.25 billion and could provide up to $610 million.
  • REDLattice reported $267 million in revenue and a $200 million contracted backlog as of June 30.

REDLattice plans to go public through a combination with Bold Eagle Acquisition Corp., a special purpose acquisition company, in a transaction valuing the cyber intelligence and technology provider at $1.25 billion. The deal could generate up to $610 million in gross proceeds, including $335 million from committed new and existing mutual fund and institutional investors and up to $275 million from Bold Eagle's trust account, assuming no redemptions. REDLattice said it will use the proceeds to refinance all existing debt, fund the final cash earnout payment related to its acquisition of Paragon Solutions Ltd., and invest in organic growth, product expansion and mergers and acquisitions. The company provides lawful intercept, vulnerability research and intelligence acquisition solutions for government agencies and serves more than 100 customers in 23 countries. As of June 30, it reported $267 million in revenue, a contracted backlog of $200 million and an active pipeline of $1.5 billion. REDLattice plans to trade on Nasdaq under the ticker REDL by the end of 2026.

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