RCAT Investor ALERT: Red Cat Holdings, Inc. Sued For Securities Fraud; Investors Should Contact Block & Leviton to Potentially Recover Losses

Core Viewpoint - A securities fraud lawsuit has been filed against Red Cat Holdings, Inc. and certain executives, alleging misleading statements about the company's business operations and financial performance [1][2]. Group 1: Allegations and Financial Impact - The lawsuit claims that Red Cat Holdings overstated the production capacity of its Salt Lake City Facility and the value of its SRR Contract [2]. - On July 27, 2023, the company revealed that the facility could only produce 100 drones per month, resulting in an 8.93% drop in stock price [2]. - Following disappointing Q1 2025 results reported on September 23, 2024, which included a loss of $0.17 per share and $2.8 million in revenue, the stock price declined by 25.32% over two days [2]. - A report from Kerrisdale Capital on January 16, 2025, claimed the SRR Contract was worth only $20 million to $25 million, leading to a 21.54% stock price drop, closing at $8.56 per share on January 17, 2025 [2]. Group 2: Eligibility and Actions for Investors - Investors who purchased Red Cat Holdings common stock between March 18, 2022, and January 15, 2025, and experienced a decline in share value may be eligible to participate in the lawsuit [3]. - The deadline to seek appointment as lead plaintiff is July 22, 2025, and a class has not yet been certified [4]. Group 3: Whistleblower Information - Individuals with non-public information about Red Cat Holdings are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program, potentially receiving rewards of up to 30% of any successful recovery [5]. Group 4: Legal Representation - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [6].