Core Viewpoint - The Gross Law Firm is notifying shareholders of Red Cat Holdings, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's production capacity and contract values [1][2]. Group 1: Allegations - The complaint alleges that during the class period from March 18, 2022, to January 15, 2025, Red Cat Holdings made materially false and misleading statements [1]. - Specific allegations include overstating the production capacity of the Salt Lake City Facility and the overall value of the U.S. Army's Short Range Reconnaissance Program of Record Tranche 2 contract [1]. Group 2: Class Action Details - Shareholders who purchased shares of RCAT during the specified class period are encouraged to register for the class action, with a deadline of July 22, 2025, to seek lead plaintiff status [2]. - Participants will be enrolled in a portfolio monitoring software to receive updates on the case's progress [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [3]. - The firm seeks recovery for investors who suffered losses due to false or misleading statements that led to artificial inflation of stock prices [3].
Shareholders that lost money on Red Cat Holdings, Inc.(RCAT) should contact The Gross Law Firm about pending Class Action - RCAT