Red Cat Holdings Announces Proposed Public Offering of Common Stock

Core Viewpoint - Red Cat Holdings, Inc. plans to conduct an underwritten public offering of its common stock, with a potential additional 15% of shares available for purchase by the underwriter [1][2]. Group 1: Offering Details - The offering is subject to market conditions, and there is no assurance regarding its completion or the final terms [1]. - Net proceeds from the offering will be used for general corporate purposes, including operating expenditures and capital investments in the new unmanned surface vessel division [2]. - A shelf registration statement was filed with the SEC on September 15, 2025, and was declared effective on September 17, 2025 [3]. Group 2: Company Overview - Red Cat Holdings, Inc. is a provider of advanced drone and robotic solutions for defense and national security, operating through subsidiaries like Teal Drones and FlightWave Aerospace [5]. - The company is expanding into the maritime domain with its new division, Blue Ops, Inc., focusing on uncrewed surface vessels [5].