Red Cat Holdings Inc. (RCAT) Closes $46.75M Share Offering

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Go back to Red Cat Holdings Inc. (RCAT) Closes $46.75M Share Offering

Red Cat Holdings Announces Closing of $46.75 Million Registered Direct Offering of Common Stock

June 18, 2025 4:05 PM EDT

SAN JUAN, Puerto Rico, June 18, 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, has successfully closed the previously announced registered direct offering with certain institutional investors for the purchase and sale of 6,448,276 shares of common stock resulting in gross proceeds of approximately $46.75 million, before deducting placement... More