Red Cat Holdings Inc. (RCAT) Prices 13.3M Share Offering at $4.50/sh
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Red Cat Holdings, Inc. Announces Pricing of Public Offering
July 18, 2021 6:55 PM EDTHUMACAO, Puerto Rico, July 18, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (NASDAQ: RCAT) ("Red Cat" or the "Company") a technology provider to the drone industry, today announced the pricing of its underwritten public offering of 13,333,334 shares of its common stock at a public offering price of $4.50 per share, for gross proceeds of approximately $60,000,000, before deducting underwriting discounts, commissions and offering expenses. In addition, the Company has granted the underwriters a 45 day option to purchase up to an additional 2,000,000 shares of common stock to cover over-allotments at the offering price, less the underwriting discount.
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