Berman Tabacco Announces Investigation of Red Cat Holdings, Inc. (RCAT) Concerning Claims by Kerrisdale Capital

BOSTON, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Berman Tabacco announces that it is investigating potential securities law violations by Red Cat Holdings, Inc. (“Red Cat” or the “Company”) (NASDAQ: RCAT), a drone technology company. About the Investigation On November 22, 2024, Bloomberg reported that “Red Cat Holdings Inc. shares r[o]se as much as 26% on Friday trading. The drone technology company’s stock is extending gains after it said it was selected as the winner of the US Army’s Short Range Reconnaissance ...