Core Points - The Gross Law Firm has issued a notice to shareholders of Red Cat Holdings, Inc. regarding a class action lawsuit for shareholders who purchased shares during the class period from March 18, 2022, to January 15, 2025 [1] - Allegations include that the company overstated the production capacity of its Salt Lake City Facility and the value of the U.S. Army's Short Range Reconnaissance Program contract, leading to materially false and misleading public statements [1] - The deadline for shareholders to register for the class action and seek lead plaintiff status is July 22, 2025 [2] Company Information - Red Cat Holdings, Inc. is facing allegations of issuing materially false and misleading statements regarding its production capacity and contract values, which may have led to artificial inflation of its stock [1][3] - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to the company's alleged deceitful practices [3] Next Steps for Shareholders - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates on the case [2] - Participation in the case incurs no cost or obligation for shareholders [2]
Shareholders of Red Cat Holdings, Inc. Should Contact The Gross Law Firm Before July 22, 2025 to Discuss Your Rights - RCAT