Red Cat Holdings Inc. (RCAT) to offer common stock

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Red Cat Holdings, Inc. Announces Proposed Public Offering of Common Stock

December 6, 2023 5:15 PM EST

SAN JUAN, Puerto Rico, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (Red Cat or the Company) today announced that it intends to offer to sell shares of its common stock in an underwritten public offering. All of the shares of common stock are to be sold by the Company.

ThinkEquity is acting as sole book-running manager for the offering.

The Company expects to grant the underwriter a 45-day option to purchase up to an additional 15% of the number of... More