Red Cat (RCAT) Prnewswire·2025-02-22 16:00Core 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 Investor Rights - Shareholders who purchased Red Cat securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2]. - To join the prospective class action, interested parties can submit a form or contact the law firm directly [3]. Group 2: Company Background and Market Performance - 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 stock price dropped by 8.56 per share on January 17, 2025 [4]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [5]. - The firm has consistently 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 alone [5].