REDLattice To Become Public Via $1.25B SPAC Transaction

By Karen Roman

Cyber intelligence and technology provider REDL Intermediate Holdings, LLC (REDLattice) said it is going public through a combination with Bold Eagle Acquisition Corp. (Nasdaq: BEAG) and will trade on Nasdaq under the ticker “REDL” by the end of 2026.

The transaction values REDLattice at $1.25 billion and is 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, the company 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,” said CEO Andy Boyd.

REDLattice will use the proceeds from the combination to refinance all its existing debt, to fund the final cash earnout payment from the company’s previous acquisition of Paragon Solutions Ltd., and to invest in organic growth, product expansion, and M&A, it said.

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REDLattice provides lawful intercept, vulnerability research and intelligence acquisition solutions for government agencies to facilitate national security operations globally, with more than 100 customers in 23 countries. As of June 30, the company generated $267 million in revenue, a contracted backlog of $200 million, and an active pipeline of $1.5 billion, it said.