Red Cat Holdings Inc. (RCAT) prices 16M share offering at $0.50
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Red Cat Holdings, Inc. Announces Pricing of Public Offering
December 6, 2023 9:17 PM ESTSAN JUAN, Puerto Rico, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT), (Red Cat or the Company), today announced the pricing of its previously announced underwritten public offering of 16,000,000 shares of its common stock at a public offering price of $0.50 per share, for gross proceeds of $8,000,000, before deducting underwriting discounts, commissions and offering expenses. All of the shares of common stock are being offered by the Company. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 2,400,000 shares of common stock at the public... More
