RCAT LAWSUIT ALERT: The Gross Law Firm Notifies Red Cat Holdings, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

Core Viewpoint - The Gross Law Firm is notifying shareholders of Red Cat Holdings, Inc. regarding a class action lawsuit due to alleged misleading statements made by the company during a specified class period [1]. 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 regarding the production capacity of the Salt Lake City Facility and the value of the U.S. Army's Short Range Reconnaissance Program contract [3]. - Specific allegations include overstating the production capacity of the Salt Lake City Facility and the overall value of the U.S. Army's contract, leading to misleading public statements by the defendants [3]. Group 2: Class Action Details - Shareholders who purchased shares of RCAT during the class period are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for July 22, 2025 [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered losses due to deceit and illegal business practices [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that inflated stock prices [5].