RCAT Shareholders With Large Losses Should Contact Shareholder Rights Law Firm Robbins LLP for Information About the Red Cat Holdings, Inc. Class Action

Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Red Cat Holdings, Inc. (NASDAQ: RCAT) securities during the specified period, alleging that the company misled investors regarding its production capacity and the value of its contracts [1][2]. Allegations - The complaint asserts that Red Cat Holdings failed to disclose that the production capacity of its Salt Lake City Facility was overstated and that the value of the U.S. Army's Short Range Reconnaissance Program (SRR) Contract was also exaggerated [2]. - Kerrisdale Capital's report indicated that the SRR Contract was valued between $20 million and $25 million, contrary to Red Cat's claims, and raised concerns about misleading information regarding the Salt Lake City Facility's production capacity [3]. Stock Impact - Following the release of Kerrisdale Capital's report on January 16, 2025, Red Cat's stock price dropped by $2.35 per share, representing a decline of 21.54%, closing at $8.56 per share on January 17, 2025 [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action have until July 22, 2025, to apply for this status, although participation is not required to be eligible for recovery [4]. Company Background - Robbins LLP has been recognized for its efforts in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].