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 Compensation - Shareholders who purchased Red Cat securities may be entitled to compensation through a contingency fee arrangement, with no out-of-pocket fees or costs [2] - A class action is being prepared by Rosen Law Firm to seek recovery of investor losses [2][3] Group 2: Company Performance and Market Reaction - 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 common stock fell by $1.55 per share, or 15%, closing at $8.56 per share on January 17, 2025 [4] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [5] - The firm has consistently been 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 [5]

Core Viewpoint - Red Cat Holdings, Inc. has secured initial debt financing of $16.5 million and is applying for an additional $58 million from the Department of Defense Office of Strategic Capital to enhance its drone technology capabilities for military and commercial applications [1][2][3]. Financing Details - The company has entered into an agreement for up to $20 million in debt financing with The Lind Partners, with the initial tranche of $16.5 million already closed [1][3]. - The total potential financing from the Department of Defense could reach $93 million, which is considered a low-dilution option for shareholders [3]. Product Development - The funding will be utilized to scale up production and continue the development of the Arachnid Family of Systems, which includes the Black Widow™, Edge 130, and the new FANG™ First-Person View (FPV) drones [2][3]. - The Family of Systems aims to fulfill the requirements of the U.S. Department of Defense and NATO Allies for affordable, portable, and field-repairable drone systems [2]. Company Overview - Red Cat Holdings, Inc. specializes in drone technology, integrating robotic hardware and software for military, government, and commercial operations [1][3]. - The company operates through two subsidiaries, Teal Drones and FlightWave Aerospace, and has developed various drone systems, including the Black Widow™, which is part of the U.S. Army's Short Range Reconnaissance Program [3]. About The Lind Partners - The Lind Partners is an institutional fund manager that provides growth capital to small- and mid-cap companies, having completed over 150 direct investments totaling more than $1.5 billion since 2011 [4].

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: Investigation and Legal Action - Shareholders who purchased Red Cat securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to Red Cat Holdings [2]. Group 2: Company Performance and Market Reaction - 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 [3]. - Following the report, Red Cat's stock price fell by $1.55, or 15%, closing at $8.56 per share on January 17, 2025 [3]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4].

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: Investigation and Allegations - The investigation is prompted by a report from Kerrisdale Capital, which claims that Red Cat Holdings, a $1 billion drone manufacturer, has seen a significant increase in market capitalization, primarily due to expectations surrounding a US Army contract for short-range reconnaissance drones [3]. - Following the publication of Kerrisdale's report, Red Cat's stock price dropped by $1.55, or 15%, closing at $8.56 per share on January 17, 2025 [3]. Group 2: Class Action Details - Shareholders who purchased Red Cat securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2]. - Interested parties can join the class action by submitting a form or contacting the Rosen Law Firm directly [2]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].

Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud and unlawful business practices by Red Cat Holdings, Inc. and its officers or directors [1] Group 1: Allegations and Investigations - Kerrisdale Capital published a report alleging that Red Cat has overstated the revenue potential of its U.S. Army Short Range Reconnaissance drone contract and lacks the production capacity to fulfill its commitments [2] - The report also highlights concerns regarding the timing of executive departures and insider transactions that occurred shortly after the SRR contract announcement [2] Group 2: Market Reaction - Following the news of the allegations, Red Cat's stock price dropped by $2.36 per share, representing a decline of 21.63%, closing at $8.55 per share on January 17, 2025 [3]

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] Upcoming Presentation - CEO Jeff Thompson will present at TD Cowen's 46th Annual Aerospace & Defense Conference on February 12, 2025, discussing the latest advancements in drone technology and strategic initiatives [1][2] - The presentation is scheduled from 1:20 PM to 2:00 PM ET at The Ritz-Carlton, Pentagon City in Arlington, VA [2] Conference Details - The TD Cowen's 46th Annual Aerospace & Defense Conference will take place from February 11-13, 2025, featuring industry leaders in presentations, fireside chats, and panel discussions [3] - The event aims to highlight key trends shaping the aerospace and defense industries [3]

SAN JUAN, Puerto Rico, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat") ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced that its Chief Executive Officer, Jeff Thompson, will present at TD Cowen’s 46th Annual Aerospace & Defense Conference on Wednesday, February 12, 2025. Thompson’s presentation is scheduled from 1:20 PM to 2:00 PM ET in Track 2 (Salon II, Conference Level ...

SAN JUAN, Puerto Rico, Feb. 03, 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, will host an Investor and Analyst Day on Thursday, February 27 from 11:00 a.m. - 1:00 p.m. eastern time at the Nasdaq MarketSite in New York City. The event will feature presentations by Jeff Thompson, Red Cat’s CEO; Geoffrey Hitchcock, Red Cat’s chief revenue offi ...

PLEASE CLICK HERE TO PROVIDE YOUR CONTACT INFORMATION NEW YORK, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein"), a preeminent national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"). The investigation concerns whether Red Cat Holdings, Inc. and certain of its officers and/or directors have engaged in securities fraud. PLEASE CLICK HERE TO ...

SAN JUAN, Puerto Rico, Jan. 23, 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 it has secured new orders for its Edge 130 drone from the Army National Guard and another U.S. Government Agency (OGA), totaling $518,000. FlightWave, a leading provider of VTOL drone, sensor and software solutions was acquired by Red Cat in Septembe ...