Red Cat Holdings announces public offering of common stock

Red Cat Holdings Inc. (NASDAQ: RCAT) announced plans for an underwritten public offering of common stock shares. The drone technology company also expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares offered in the public offering.

The company intends to use net proceeds for general corporate and working capital purposes, including operating expenditures and capital investments related to its unmanned surface vessel division.

Northland Capital Markets will serve as sole bookrunner for the transaction. The offering remains subject to market and other conditions, with no assurance regarding completion timing or final terms.

Red Cat filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission on September 15, 2025, which was declared effective on September 17, 2025. The offering will be conducted through a written prospectus and prospectus supplement.

Red Cat develops drone and robotic solutions for defense and national security through its subsidiaries Teal Drones and FlightWave Aerospace. The company produces hardware and software supporting military, government, and public safety operations across air, land, and sea domains.

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