Red Cat Holdings, Inc Stock News: Robbins LLP Reminds Stockholders that RCAT is Being Sued for Misleading Investors

Group 1 - A class action has been filed on behalf of investors who purchased Red Cat Holdings, Inc. (NASDAQ: RCAT) securities between March 18, 2022, and January 15, 2025 [1] - The allegations include that Red Cat Holdings misled investors regarding its production capacity at the Salt Lake City Facility and overstated the value of the SRR Contract [2] - Kerrisdale Capital reported that the SRR Contract was valued between $20 million and $25 million, significantly lower than previously stated, leading to a 21.54% drop in Red Cat's stock price [3] Group 2 - Shareholders interested in serving as lead plaintiff have until July 22, 2025, to seek this status in the class action [4] - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4] - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [5]