Red Cat Secures $4.4 Million of Non-Dilutive Financing

"With military modernization, the defense drone industry is in a rapid growth and innovation cycle," said Jeff Thompson, Red Cat CEO. "This sea change is driving robust demand for Red Cat's Family of Systems both domestically and internationally. As a result, we've achieved three quarters of record revenue while reducing cash burn during the first three quarters of our year ended April 30, 2024, making this non-dilutive capital highly valuable for our strategic growth plans." Red Cat (Nasdaq: RCAT) is a dro ...