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Red Cat Investor News: Rosen Law Firm Encourages Red Cat Holdings, Inc. Investors to Inquire About Securities Class Action Investigation - RCAT
RCATRed Cat (RCAT) Prnewswire·2025-02-07 01:39

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Red Cat Holdings, Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Allegations - The investigation is prompted by a report from Kerrisdale Capital, which claims that Red Cat Holdings, a 1billiondronemanufacturer,hasseenasignificantincreaseinmarketcapitalization,primarilyduetoexpectationssurroundingaUSArmycontractforshort−rangereconnaissancedrones[3].−FollowingthepublicationofKerrisdale′sreport,RedCat′sstockpricedroppedby1 billion drone manufacturer, has seen a significant increase in market capitalization, primarily due to expectations surrounding a US Army contract for short-range reconnaissance drones [3]. - Following the publication of Kerrisdale's report, Red Cat's stock price dropped by 1.55, or 15%, closing at 8.56pershareonJanuary17,2025[3].Group2:ClassActionDetails−ShareholderswhopurchasedRedCatsecuritiesmaybeentitledtocompensationthroughaclassactionlawsuit,withnoout−of−pocketfeesduetoacontingencyfeearrangement[2].−InterestedpartiescanjointheclassactionbysubmittingaformorcontactingtheRosenLawFirmdirectly[2].Group3:RosenLawFirm′sCredentials−TheRosenLawFirmhasastrongtrackrecordinsecuritiesclassactions,havingachievedthelargestsecuritiesclassactionsettlementagainstaChinesecompanyatthetimeandbeingrankedNo.1forthenumberofsettlementsin2017[4].−Thefirmhasrecoveredhundredsofmillionsofdollarsforinvestors,includingover8.56 per share on January 17, 2025 [3]. Group 2: Class Action Details - Shareholders who purchased Red Cat securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2]. - Interested parties can join the class action by submitting a form or contacting the Rosen Law Firm directly [2]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over 438 million in 2019 alone [4].