Red Cat (RCAT) Prnewswire·2025-02-04 20:55Core 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 8.55 per share on January 17, 2025 [3]