Core Viewpoint - A class action securities lawsuit has been filed against Red Cat Holdings, Inc. for alleged securities fraud affecting investors between March 18, 2022, and January 15, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants made false statements regarding the production capacity of the Salt Lake City Facility and the value of the U.S. Army's Short Range Reconnaissance Program of Record Tranche 2 contract, leading to materially false and misleading public statements [2]. - Investors who suffered losses during the specified timeframe have until July 22, 2025, to request appointment as lead plaintiff, although participation does not require serving in this role [3]. Group 2: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [4].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Red Cat Holdings, Inc. due to allegations of misleading statements regarding the company's production capacity and contract values, with a deadline for investors to seek lead plaintiff status in a federal securities class action set for July 21, 2025 [3][5]. Group 1: Allegations and Misleading Statements - The complaint alleges that Red Cat and its executives violated federal securities laws by making false and misleading statements about the production capacity of the Salt Lake City Facility and the overall value of the SRR Contract [5][8]. - Defendants suggested that the SRR Contract could generate hundreds of millions to over a billion dollars in revenues, which was later contradicted by actual production capabilities [7][12]. - During a conference call on July 27, 2023, it was revealed that the Salt Lake City Facility could only produce 100 drones per month, contrary to earlier claims of thousands [9]. Group 2: Financial Performance and Stock Impact - Following the disclosure of the actual production capacity, Red Cat's stock price fell by $0.10 per share, or 8.93%, closing at $1.02 on July 28, 2023 [10]. - In the first quarter of fiscal year 2025, Red Cat reported losses per share of $0.17, missing estimates by $0.09, and revenue of $2.8 million, missing estimates by $1.07 million [11]. - After the Kerrisdale Report on January 16, 2025, which alleged that the SRR Contract was worth only $20 million to $25 million, Red Cat's stock price dropped by $2.35 per share, or 21.54%, closing at $8.56 on January 17, 2025 [13][14]. Group 3: Legal and Investor Actions - Investors who suffered losses exceeding $50,000 in Red Cat between March 18, 2022, and January 15, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [1][3]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Red Cat's conduct [16].

Core Viewpoint - A class action securities lawsuit has been filed against Red Cat Holdings, Inc. for alleged securities fraud affecting investors between March 18, 2022, and January 15, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants made false statements regarding the production capacity of the Salt Lake City Facility and the value of the U.S. Army's Short Range Reconnaissance Program of Record Tranche 2 contract, leading to materially false and misleading public statements [2]. - Investors who suffered losses during the specified timeframe have until July 22, 2025, to request to be appointed as lead plaintiff, although participation does not require serving in this role [3]. Group 2: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Red Cat Holdings, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on July 22, 2025, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Red Cat securities between March 18, 2022, and January 15, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the July 22, 2025 deadline [2]. - The lawsuit alleges that Red Cat made false and misleading statements regarding its production capacity and the value of its contracts, leading to investor damages when the truth was revealed [4]. Group 2: Rosen Law Firm's Credentials - 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 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, and many attorneys at the firm have received accolades from Lawdragon and Super Lawyers [3].

Core Viewpoint - A class action securities lawsuit has been filed against Red Cat Holdings, Inc. for alleged securities fraud affecting investors between March 18, 2022, and January 15, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants made false statements regarding the production capacity of the Salt Lake City Facility and the value of the U.S. Army's Short Range Reconnaissance Program of Record Tranche 2 contract, leading to materially false and misleading public statements [2]. - Investors who suffered losses during the specified timeframe have until July 22, 2025, to request to be appointed as lead plaintiff, although participation does not require serving in this role [3]. Group 2: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [4].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Red Cat Holdings, Inc. due to allegations of misleading statements regarding the company's production capacity and contract values, which have led to significant investor losses [2][4][12]. Group 1: Company Overview - Red Cat Holdings, Inc. (NASDAQ: RCAT) is involved in the production of small unmanned aerial systems (sUAS) for military applications, specifically under the U.S. Army's Short Range Reconnaissance Program [5][11]. - The company announced in March 2022 that it was selected to compete in the U.S. Army's SRR Program, which is aimed at providing portable sUAS to Army platoons [5]. Group 2: Allegations and Misleading Statements - The complaint against Red Cat alleges that the company overstated the production capacity of its Salt Lake City facility and the overall value of the SRR Contract, leading to materially false and misleading public statements [4][6]. - During a conference call on July 27, 2023, Red Cat revealed that the Salt Lake City facility could only produce 100 drones per month, contrary to earlier claims of thousands, and that the facility was still under construction [7]. - Following these disclosures, Red Cat's stock price fell by 8.93% to close at $1.02 per share on July 28, 2023 [8]. Group 3: Financial Performance and Stock Impact - In the first quarter of fiscal year 2025, Red Cat reported losses per share of $0.17, missing consensus estimates by $0.09, and revenue of $2.8 million, missing estimates by $1.07 million [9]. - After announcing a pause in manufacturing due to retooling the Salt Lake City facility, Red Cat's stock price dropped by 25.32% over two trading sessions, closing at $2.36 per share on September 25, 2024 [10]. - A report published by Kerrisdale Capital on January 16, 2025, alleged that the SRR Contract was worth only $20 million to $25 million, significantly lower than previously stated, leading to a further stock price decline of 21.54% [12][13]. Group 4: Legal Proceedings - Investors who suffered losses exceeding $50,000 in Red Cat between March 18, 2022, and January 15, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1][2]. - The deadline to seek the role of lead plaintiff in the federal securities class action against Red Cat is July 21, 2025 [2].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Red Cat Holdings, Inc. regarding a class action lawsuit due to alleged misleading statements made by the company during a specified class period [1]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from March 18, 2022, to January 15, 2025 [3]. - Allegations include that the company overstated the production capacity of its Salt Lake City Facility and the value of the U.S. Army's Short Range Reconnaissance Program of Record Tranche 2 contract, leading to materially false and misleading public statements [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by July 22, 2025, to participate in potential recovery [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements [5].

NEW YORK, June 26, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Red Cat Holdings, Inc. (NASDAQ: RCAT).Shareholders who purchased shares of RCAT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/red-cat-holdings-inc-loss-submission-form/?id=154285&from=4CLASS PERIOD: March 18, ...

Industry Overview - The drone market in the United States is projected to reach approximately $5.5 billion by 2029, with a compound annual growth rate (CAGR) of 10.3% from 2024 to 2029, indicating strong growth potential across civil, commercial, and defense applications [1] - Drones are becoming essential for various functions, including weather monitoring, surveillance, and military operations, presenting unique investment opportunities insulated from sector-specific downturns [1] Investment Opportunities - Investors can target drone-related investments by focusing on companies that heavily utilize drones, such as Amazon.com Inc. and Boeing Co., or by exploring lesser-known firms specializing in drone technology [2] - Red Cat Holdings Inc. has seen significant growth, with shares down about 40% year-to-date but showing a 540% increase over the past year, indicating potential for recovery and growth [3][4] - Unusual Machines Inc. has also experienced substantial growth, with shares up nearly 500% in the past year, despite a recent decline in 2025 [7][8] Company-Specific Insights - Red Cat expects to generate $80 to $120 million in revenue for the full year 2025, reflecting its rapid expansion and new product introductions [4] - Unusual Machines is undergoing a major shift with recent M&A activity, including a $7 million acquisition of Rotor Lab and plans for a new drone motor production facility in Florida [8] - Draganfly Inc. has a 100% success rate in a U.S. Army experiment, which may attract investor interest, despite facing financial challenges and a 34% decline in shares year-to-date [11][12] Analyst Ratings and Forecasts - Red Cat has a 12-month stock price forecast of $13.00, suggesting an 82.07% upside potential based on analyst ratings [3][5] - Unusual Machines has a 12-month stock price forecast of $19.00, indicating a 131.99% upside potential, supported by analyst ratings [6][10] - Draganfly has a 12-month stock price forecast of $5.25, representing a 103.49% upside potential, although investors may prefer other options until financial issues are resolved [11][13]

Core Viewpoint - A class action securities lawsuit has been filed against Red Cat Holdings, Inc. for alleged securities fraud affecting investors between March 18, 2022, and January 15, 2025 [1][2] Group 1: Lawsuit Details - The lawsuit claims that the defendants made false statements regarding the production capacity of the Salt Lake City Facility and the value of the U.S. Army's Short Range Reconnaissance Program of Record Tranche 2 contract, leading to materially false and misleading public statements [2] - Investors who suffered losses during the specified timeframe have until July 22, 2025, to request to be appointed as lead plaintiff, although participation does not require serving in this role [3] Group 2: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [4]