On September 25, 2026, Bold Eagle Acquisition Corp. (Nasdaq: BEAG) entered into a definitive Business Combination Agreement with REDL Intermediate Holdings, LLC (REDLattice). The transaction is expected to result in REDLattice becoming a publicly traded company listed on the Nasdaq under the ticker symbol "REDL".
REDLattice provides design, development, and engineering services for cyber intelligence platforms to government, intelligence, and defense customers. According to the filing, the company generated $267 million in revenue for the twelve months ended June 30, 2026, representing 29% year-over-year growth. As of the same date, the company reported a contracted backlog of $200 million and an active pipeline of $1.5 billion.
The transaction values REDLattice at a pre-money enterprise value of $1.25 billion. The deal is expected to provide up to approximately $610 million in gross proceeds. This includes $335 million of committed capital from new and existing investors, which consists of $275 million in convertible notes anchored by Loomis Sayles and a $60 million common stock private investment in public equity (PIPE) led by affiliates of AE Industrial Partners and Eagle Equity Partners. The remaining proceeds are expected to come from Bold Eagle’s trust account, assuming no redemptions.
Under the terms of the agreement, Bold Eagle will undergo a domestication, transferring its incorporation from the Cayman Islands to Delaware. Following the domestication, Merger Sub will merge with and into REDLattice, with REDLattice surviving as a wholly-owned subsidiary of the combined company. The transaction is expected to close around year-end 2026, subject to approval by Bold Eagle’s shareholders and other customary closing conditions.
Existing REDLattice shareholders are expected to roll over 100% of their equity, and AE Industrial Partners will remain the largest shareholder of the pro forma company. The combined entity will be led by REDLattice’s current management team, including CEO Andy Boyd. Goldman Sachs & Co. LLC and Jefferies LLC are serving as financial and capital markets advisors to Bold Eagle and REDLattice, respectively.
