Red Cat Holdings Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters' Option to Purchase Additional Shares

Company Overview - Red Cat Holdings, Inc. is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security [5] - The company develops American-made hardware and software through its subsidiaries, Teal Drones and FlightWave Aerospace, supporting military, government, and public safety operations across air, land, and sea [5] - Red Cat is expanding into the maritime domain with its new unmanned surface vessel division, Blue Ops, Inc., enhancing safety and multi-domain mission effectiveness [5] Recent Financial Activity - The company announced a public offering of 17,968,750 shares of common stock, with gross proceeds of approximately $172.5 million before deducting underwriting discounts and commissions [1][2] - The offering included the full exercise of the underwriters' option to purchase an additional 2,343,750 shares [1] - Net proceeds from the offering will be used for general corporate and working capital purposes, including operating expenditures related to the new unmanned surface vessel division [2] Regulatory Filings - A shelf registration statement on Form S-3 was filed with the SEC on September 15, 2025, and was declared effective on September 17, 2025 [3] - The offering was made through a written prospectus and prospectus supplement that are part of the registration statement [3]