Red Cat Holdings Inc. (RCAT) Announces $30M Share Offering
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Red Cat Holdings Announces $30 Million Registered Direct Offering of Common Stock
April 10, 2025 7:00 AM EDTSAN JUAN, Puerto Rico, April 10, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (Red Cat or Company), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announced today that the Company has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 4,724,412 shares of common stock, pursuant to a registered direct offering, expected to result in gross proceeds of approximately $30 million, before deducting placement agent fees and other offering expenses. The offering is expected to close on or about April 11, 2025, subject to the... More
