Core Viewpoint - A class action lawsuit has been filed against Red Cat Holdings, Inc. for alleged violations of securities laws, claiming the company made false and misleading statements regarding its production capacity and contract value, leading to investor losses [1][4]. Group 1: Lawsuit Details - The Schall Law Firm has initiated a class action lawsuit against Red Cat Holdings, Inc. for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - The lawsuit targets investors who purchased Red Cat's securities between March 18, 2022, and January 15, 2025, encouraging them to contact the firm before July 22, 2025 [2]. - The class has not yet been certified, meaning potential class members are not currently represented by an attorney [3]. Group 2: Allegations Against Red Cat - The complaint alleges that Red Cat Holdings overstated the production capacity of its Salt Lake City facility and the value of its Short Range Reconnaissance Program of Record Tranche 2 contract [4]. - These misleading statements are claimed to have caused material misrepresentation throughout the class period, resulting in damages to investors when the truth was revealed [4].

Core Viewpoint - Red Cat Holdings, Inc. is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements regarding production capacity and contract values [1][3]. Company Overview - Red Cat Holdings, Inc. provides products and solutions to the drone industry, including the "Teal 2" drone designed for military operations [2]. Allegations of the Lawsuit - The lawsuit alleges that Red Cat overstated the production capacity of its Salt Lake City facility and the value of its Short Range Reconnaissance Program contract [3]. - On July 27, 2023, Red Cat disclosed that its Salt Lake City facility could only produce 100 drones per month, with potential future capacity of 1,000 drones per month contingent on additional investments [4]. - Following this announcement, Red Cat's stock price fell nearly 9% [4]. Financial Performance - On September 23, 2024, Red Cat reported a loss per share of $0.17, missing consensus estimates by $0.09, and revenue of $2.8 million, missing estimates by $1.07 million [5]. - The company admitted that retooling its Salt Lake City facility impacted Teal 2 sales, leading to a stock price drop of over 25% [5]. Additional Allegations - On January 16, 2025, a report from Kerrisdale Capital claimed that the SRR contract was smaller and less favorable than previously indicated by management, resulting in a stock price decline of over 21% [6]. Legal Process - Investors who purchased Red Cat securities during the class period can seek appointment as lead plaintiff in the lawsuit, representing the interests of the class [7].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Red Cat To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in Red Cat between March 18, 2022 and January 15, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, June 1, 2025 /PRNewswire/ -- Faruqi & Faruqi, ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, May 29, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Red Cat Holdings, Inc. (“Red Cat” or “the Company”) (NASDAQ: RCAT) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Red Cat investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attor ...

SAN DIEGO, May 29, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Red Cat Holdings, Inc. (NASDAQ: RCAT) securities between March 18, 2022 and January 15, 2025, both dates inclusive (the "Class Period"), have until July 22, 2025 to seek appointment as lead plaintiff of the Red Cat class action lawsuit. Captioned Olsen v. Red Cat Holdings, Inc., No. 25-cv-05427 (D.N.J.), the Red Cat class action lawsuit charges Red Cat and certain of Red Cat's t ...

Core Viewpoint - A securities class action lawsuit has been filed against Red Cat Holdings, Inc. for alleged misrepresentations regarding its production capacity and contract value, leading to significant financial harm for investors [1][6]. Group 1: Class Action Details - The lawsuit is on behalf of all persons or entities who purchased Red Cat securities [1]. - The class period for the lawsuit is from March 18, 2022, to January 15, 2025, with a lead plaintiff deadline set for July 22, 2025 [6]. Group 2: Allegations and Financial Impact - Allegations include misrepresentations about the production capacity of the Salt Lake City Facility, which was revealed to only produce 100 drones per month instead of the expected 1,000 [6]. - The overall value of the SRR Contract with the U.S. Department of Defense was also misrepresented, with potential revenues claimed to be between $50 million and $79.5 million for FY2025, while estimates were later revised down to $20 million to $25 million [6]. - Significant stock price declines were noted, including an 8.93% drop to $1.02 on July 28, 2023, a 25.32% drop to $2.36 on September 25, 2024, and a 21.54% drop to $8.56 on January 17, 2025, following corrective disclosures [6]. Group 3: Legal Representation - Wolf Haldenstein Adler Freeman & Herz LLP, a law firm with over 125 years of experience in securities litigation, is representing the investors in this case [4]. - The firm emphasizes its commitment to justice for investors who have suffered financial harm due to misrepresented statements [4].

Core Viewpoint - The Red Cat Holdings, Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements regarding production capacity and contract values [1][3]. Company Overview - Red Cat Holdings, Inc. provides products and solutions to the drone industry, including the "Teal 2" drone designed for military operations [2]. Allegations of the Lawsuit - The lawsuit claims that Red Cat overstated the production capacity of its Salt Lake City facility and the value of its Short Range Reconnaissance Program contract [3]. - On July 27, 2023, Red Cat disclosed that its Salt Lake City facility could only produce 100 drones per month, with potential future capacity of 1,000 drones per month contingent on additional investments [4]. - Following this announcement, Red Cat's stock price fell nearly 9% [4]. Financial Performance - On September 23, 2024, Red Cat reported a loss per share of $0.17, missing consensus estimates by $0.09, and revenue of $2.8 million, missing estimates by $1.07 million [5]. - The company admitted that retooling its Salt Lake City facility impacted Teal 2 sales, leading to a stock price drop of over 25% [5]. Additional Allegations - On January 16, 2025, a report from Kerrisdale Capital alleged that the SRR contract was smaller and less favorable than previously indicated, causing Red Cat's stock to fall more than 21% over two trading sessions [6]. Legal Process - Investors who purchased Red Cat securities during the class period can seek appointment as lead plaintiff in the lawsuit, which allows them to act on behalf of other class members [7].

SAN DIEGO, May 27, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of investors who purchased or otherwise acquired Red Cat Holdings, Inc. (NASDAQ: RCAT) securities between March 18, 2022 and January 15, 2025. Red Cat, together with its subsidiaries, provides various products, services, and solutions to the U.S. drone industry. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins ...

NEW YORK, May 27, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Red Cat Holdings, Inc. (“Red Cat” or “the Company”) (NASDAQ: RCAT) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Red Ca ...

ESAero will provide AS9100 manufacturing capacity and engineering services to support production of the Black Widow sUASSAN JUAN, Puerto Rico, May 27, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced a partnership with ESAero to provide critical AS9100 manufacturing capacity for the Black Widow sUAS and its subsystems. The AS9100 standard ensure ...