Red Cat Holdings (RCAT) to Join Russell Microcap Index

Red Cat Holdings, Inc. (Nasdaq: RCAT) today announced that it is set to join the Russell Microcap® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective following the closing of US equity markets on Friday, June 28, 2024, according to a preliminary list of additions posted Friday, May 24, 2024.

The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30, 2024, ranking them by total market capitalization. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.

“Red Cat’s inclusion in the Russell Microcap® Index further solidifies the company’s focused execution in 2024,” said Jeff Thompson, Chief Executive Officer. “Red Cat continues to be at the forefront of the drone industry’s innovation cycle with a new family of low-cost and portable unmanned ISR and precision lethal strike systems. Recognition in the Russell Microcap® Index solidifies our exposure to the investment community during this exciting growth period for our company.”

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