Red Cat (RCAT)

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Red Cat Holdings Announces $30 Million Registered Direct Offering of Common Stock
Newsfilter· 2025-04-10 11:00
Core Viewpoint - Red Cat Holdings, Inc. has announced a registered direct offering of 4,724,412 shares of common stock, expected to generate approximately $30 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The offering is set to close on or about April 11, 2025, pending customary closing conditions [1]. - Northland Capital Markets is acting as the exclusive placement agent for this transaction [2]. - The offering is made under an effective shelf registration statement on Form S-3, which was declared effective by the SEC on December 11, 2024 [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general corporate purposes, including working capital [2]. Group 3: Company Overview - Red Cat Holdings, Inc. specializes in drone technology, integrating robotic hardware and software for military, government, and commercial applications [5]. - The company operates through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, and has developed a Family of Systems that includes the Black Widow™, TRICHON™, and FANG™ drones [5].
Red Cat Appoints Shawn Webb as President of FlightWave Aerospace
Newsfilter· 2025-04-07 12:30
SANTA MONICA, Calif., April 07, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced the appointment of Shawn Webb as President of FlightWave Aerospace Systems Corporation ("FlightWave"), a Red Cat company, effective immediately. Webb brings more than 25 years of experience leading operational strategy and engineering across commerci ...
Red Cat: Overlooked Drone Opportunity
Seeking Alpha· 2025-04-02 16:24
If you'd like to learn more about how to best position yourself in under valued stocks mispriced by the market to start April, consider joining Out Fox The Street .Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in RCAT over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am n ...
Red Cat (RCAT) - 2025 Q3 - Earnings Call Transcript
2025-04-01 04:26
Red Cat Holdings (RCAT) Q3 2025 Earnings Call April 01, 2025 12:26 AM ET Company Participants Jeffrey Thompson - Founder, Chairman, President & CEO Conference Call Participants Glenn Mattson - AnalystMike Latimore - MD & Equity Analyst - AI and Communications SaaS Operator Ladies and gentlemen, thank you for standing by. Good afternoon and welcome to the Red Cat Holdings December thirty one, twenty twenty four, eight month stub period Financial Results and Corporate Update Conference Call. After today's pre ...
Red Cat Holdings Reports Financial Results for the 2024 Transition Period (as of December 31, 2024 and the eight months then ended) and Provides Corporate Update
GlobeNewswire· 2025-03-31 20:00
SAN JUAN, Puerto Rico, March 31, 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, reports its financial results for the 2024 Transition Period (as of December 31, 2024 and the eight months then ended) and provides a corporate update. Recent Operational Highlights: 2024 Transition Period (as of December 31, 2024 and the eight months then ended) Fina ...
Red Cat Holdings to Report Financial Results for the 2024 Stub Period (as of December 31, 2024 and the eight months then ended) and Provide Corporate Update on Monday, March 31, 2025
Newsfilter· 2025-03-26 12:30
SAN JUAN, Puerto Rico, March 26, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces that financial results for the 2024 Stub Period (as of December 31, 2024 and the eight months then ended) will be reported on Monday, March 31, 2025 at the market close. Company management will host an earnings conference call at 4:30p.m. ET on Monday, Ma ...
Red Cat Announces Appointment of Christian Koji Ericson as Chief Financial Officer
GlobeNewswire· 2025-03-12 14:38
Company Overview - Red Cat Holdings, Inc. is a drone technology company that integrates robotic hardware and software for military, government, and commercial operations [5] - The company operates through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, and has developed a Family of Systems including the Black Widow™, TRICHON™, and FANG™ [5] Leadership Appointment - Christian Koji Ericson has been appointed as the new Chief Financial Officer (CFO) of Red Cat, effective March 17, 2025 [1] - Ericson has over 20 years of finance and accounting experience, including 11 years at PricewaterhouseCoopers (PwC) and senior roles at Nu Skin Enterprises [2] Strategic Vision - The CEO of Red Cat, Jeff Thompson, emphasized that Ericson's financial leadership and experience in high-growth industries will be crucial for the company's growth and market opportunities [3] - Ericson expressed optimism about the opportunities for Red Cat in the evolving drone industry and aims to leverage his financial strategy experience to enhance the company's performance and shareholder value [3]
Red Cat Holdings Proud to Announce Teal's Black Widow™ and FlightWave's Edge 130 Selected as Winners of the Blue UAS Refresh
Newsfilter· 2025-02-24 12:30
Core Insights - Red Cat Holdings, Inc. announced that its Black Widow drone and FlightWave Edge 130 have been selected as winners in the Blue UAS Refresh, which includes 23 platforms and 14 unique components and capabilities [1][2] - The inclusion of these drones will undergo NDAA verification and cybersecurity review, aiming for their addition to the Blue UAS List, reinforcing Red Cat's commitment to NDAA-compliant unmanned systems for defense and government applications [2][5] Company Overview - Red Cat is a drone technology company that integrates robotic hardware and software for military, government, and commercial operations, operating through subsidiaries Teal Drones and FlightWave Aerospace [7] - The Black Widow is designed for short-range reconnaissance missions and has been selected for the U.S. Army's SRR Program of Record contract, enhancing military operators' situational awareness and autonomous capabilities [3][7] - FlightWave's Edge 130 is a high-endurance VTOL drone suitable for medium-range intelligence, surveillance, and reconnaissance operations, featuring a modular payload system [4][7] Strategic Partnerships - Red Cat has partnered with Palantir to integrate Visual Navigation software (VNav) into the Black Widow drones, enhancing their operational capabilities [3] Market Position - The inclusion of Red Cat's drones in the Blue UAS review continues its legacy of having Blue listed solutions, facilitating easier procurement by the U.S. Department of Defense and federal agencies, thus ensuring rapid deployment [5]
Red Cat Holdings Proud to Announce Teal’s Black Widow™ and FlightWave’s Edge 130 Selected as Winners of the Blue UAS Refresh
GlobeNewswire· 2025-02-24 12:30
Core Insights - Red Cat Holdings, Inc. announced that its Black Widow drone and FlightWave Edge 130 have been selected as winners in the Blue UAS Refresh, which includes 23 platforms and 14 unique components and capabilities [1][2] - The inclusion of these drones will undergo NDAA verification and cybersecurity review, aiming for their addition to the Blue UAS List, reinforcing Red Cat's commitment to NDAA-compliant unmanned systems for defense and government applications [2][5] Company Overview - Red Cat is a drone technology company that integrates robotic hardware and software for military, government, and commercial operations, operating through subsidiaries Teal Drones and FlightWave Aerospace [7] - The Black Widow is designed for short-range reconnaissance missions and has been selected for the U.S. Army's SRR Program of Record contract, enhancing military operators' situational awareness and autonomous capabilities [3][7] - FlightWave's Edge 130 is a high-endurance VTOL drone designed for medium-range intelligence, surveillance, and reconnaissance operations, featuring a modular payload system [4][7] Strategic Partnerships - Red Cat has partnered with Palantir to integrate Visual Navigation software (VNav) into the Black Widow drones, enhancing their operational capabilities [3] Market Position - The inclusion of Red Cat's drones in the Blue UAS review continues the company's legacy of having Blue listed solutions, facilitating easier procurement by the U.S. Department of Defense and federal agencies [5]
RCAT Investor News: Rosen Law Firm Encourages Red Cat Holdings, Inc. Investors to Inquire About Securities Class Action Investigation - RCAT
Prnewswire· 2025-02-22 16:00
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Red Cat Holdings, Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Legal Action and Investor Rights - Shareholders who purchased Red Cat securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2]. - To join the prospective class action, interested parties can submit a form or contact the law firm directly [3]. Group 2: Company Background and Market Performance - Kerrisdale Capital published a report on January 16, 2025, stating that Red Cat Holdings, a $1 billion drone manufacturer, has seen a market capitalization increase of over $900 million in the past nine months, primarily due to expectations surrounding a US Army contract for short-range reconnaissance drones [4]. - Following the report, Red Cat's stock price dropped by $1.55, or 15%, closing at $8.56 per share on January 17, 2025 [4]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [5]. - The firm has consistently ranked in the top 4 for securities class action settlements since 2013 and has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [5].