REDLattice

Defense Tech · Cybersecurity · SPAC

IPO

REDLattice to go public via SPAC deal with Bold Eagle at $1.25B valuation

The cyber intelligence firm's IPO route ties it to Paragon, the Israeli spyware maker whose tools U.S. immigration agents once bought and Biden briefly blocked.

• REDLattice agreed to merge with blank-check firm Bold Eagle Acquisition Corp (NASDAQ: BEAG) to go public in the US, the companies said Monday.
• Virginia-based REDLattice supplies cyber intelligence tools and platforms to US intelligence, law enforcement and military agencies.
• The deal values REDLattice at about $1.25 billion including debt and could generate up to $610 million in gross proceeds, including $335 million in committed investor financing and up to $275 million from Bold Eagle's trust.
• Private equity firm AE Industrial Partners, which acquired majority control of REDLattice, will become the combined company's largest shareholder, with CEO Andy Boyd, a former CIA cyber intelligence center chief, leading the merged entity.
• REDLattice's ownership is intertwined with Paragon, the Israeli spyware maker AE Industrial acquired in a deal worth up to $900 million in 2024; Paragon and REDLattice generated combined revenue of $267 million over the past year, up 29%.
• Paragon's surveillance tool Graphite was the subject of a $2 million ICE contract that the Biden administration paused before it was revived under the Trump administration last year.
• The listing reflects a broader push by defense and intelligence-tech firms toward SPACs and public markets as government demand for cyber and surveillance capabilities grows, even as most 2026 SPAC mergers trail the 2021 boom's volume.