RCAT Investors Have Opportunity to Lead Red Cat Holdings, Inc. Securities Fraud Lawsuit Filed by the Schall Law Firm

Core Viewpoint - A class action lawsuit has been filed against Red Cat Holdings, Inc. for alleged violations of securities laws, claiming the company made false and misleading statements regarding its production capacity and contract value, leading to investor losses [1][4]. Group 1: Lawsuit Details - The Schall Law Firm has initiated a class action lawsuit against Red Cat Holdings, Inc. for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - The lawsuit targets investors who purchased Red Cat's securities between March 18, 2022, and January 15, 2025, encouraging them to contact the firm before July 22, 2025 [2]. - The class has not yet been certified, meaning potential class members are not currently represented by an attorney [3]. Group 2: Allegations Against Red Cat - The complaint alleges that Red Cat Holdings overstated the production capacity of its Salt Lake City facility and the value of its Short Range Reconnaissance Program of Record Tranche 2 contract [4]. - These misleading statements are claimed to have caused material misrepresentation throughout the class period, resulting in damages to investors when the truth was revealed [4].