Red Cat (RCAT) Prnewswire·2025-02-17 21:45Core 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: Legal Action and Compensation - Shareholders who purchased Red Cat securities may be entitled to compensation through a contingency fee arrangement, with no out-of-pocket fees or costs [2] - A class action is being prepared by Rosen Law Firm to seek recovery of investor losses [2][3] Group 2: Company Performance and Market Reaction - Kerrisdale Capital published a report on January 16, 2025, stating that Red Cat Holdings, a 900 million in the past nine months, primarily due to expectations surrounding a US Army contract for short-range reconnaissance drones [4] - Following the report, Red Cat's common stock fell by 8.56 per share on January 17, 2025 [4] Group 3: Rosen Law Firm's Credentials - 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 [5] - The firm has consistently been ranked in the top 4 for securities class action settlements since 2013 and has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 [5]