Shareholders who lost money on Red Cat Holdings, Inc. (NASDAQ: RCAT) Should Contact Wolf Haldenstein Immediately as Lead Plaintiff Deadline is July 22nd

Core Viewpoint - A securities class action lawsuit has been filed against Red Cat Holdings, Inc. for alleged misrepresentations regarding its production capacity and contract value, leading to significant financial harm for investors [1][7]. Group 1: Lawsuit Details - The lawsuit is on behalf of all persons or entities who purchased Red Cat securities [1]. - The class period for the lawsuit is from March 18, 2022, to January 15, 2025, with a lead plaintiff deadline of July 22, 2025 [7]. - Allegations include misrepresentations about the production capacity of the Salt Lake City Facility and the overall value of the SRR Contract with the U.S. Department of Defense [7]. Group 2: Key Events Timeline - On July 27, 2023, Red Cat disclosed that the Salt Lake City Facility could only produce 100 drones per month, leading to an 8.93% stock drop to $1.02 on July 28, 2023 [7]. - On September 23, 2024, the company reported a Q1 FY2025 loss of $0.17 per share and revenue of $2.8 million, resulting in a 25.32% stock decline to $2.36 on September 25, 2024 [7]. - On November 19, 2024, Red Cat announced winning the SRR Contract, claiming potential revenues of $50–79.5 million for FY2025 [7]. - On January 16, 2025, a report from Kerrisdale Capital estimated the SRR Contract value at $20–25 million, causing the stock to fall 21.54% to $8.56 on January 17, 2025 [7]. Group 3: Impact of Allegations - The lawsuit claims that investors suffered significant financial harm due to alleged false or misleading statements made by Red Cat [7]. - Stock price declines are linked to corrective disclosures regarding the company's production capabilities and contract valuations [7].