SAN JUAN, Puerto Rico, June 17, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announced today that the Company has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 6,448,276 shares of common stock, pursuant to a registered direct offering, expected to result in gross proceeds of approx ...

Core Insights - Lantronix and Aerora are collaborating to enhance AI-powered drone solutions, focusing on Edge AI technologies for applications in drones, robotics, and surveillance [1][2] - The global drone market is projected to reach $163.6 billion by 2030, with a compound annual growth rate (CAGR) of 15% [2] - Aerora's solutions leverage Lantronix's Open-Q™ System-on-Module (SoM) powered by Qualcomm® Technologies, providing advanced processing capabilities for AI applications [3] Company Overview - Lantronix is a leader in compute and connectivity IoT solutions, targeting high-growth industries such as Smart Cities, Automotive, and Enterprise [8] - Aerora specializes in integrated NDAA-compliant propulsion, ground control, and precision AI payload systems, managing the entire supply chain for drone manufacturers [11] Technological Advancements - Aerora's integrated solution includes advanced thermal and RGB imaging capabilities through the Teledyne FLIR Hadron 640R module and Prism software [4] - The full-stack solution from Aerora features pre-integration of essential components, enabling simultaneous 4K video streaming and high-resolution thermal video [5] Market Opportunities - The collaboration is expected to open new opportunities in both private and government sectors, enhancing operational capabilities and reducing development timelines for drone OEMs [2][6]

潮新闻客户端 通讯员 杭萱 杭州某智能家具公司，是扎根杭州近十年的小微企业，在全铝家居行业市场具有领先优势。企业本身有智能化创 新，扩大产能，抢占市场的需求，但受限于收款周期长、流动资金不足等问题。 杭州银行南阳小微综合支行积极响应国家政策号召，加大对智能制造领域小微主体的信贷倾斜，及时为该企业提供 一笔云小贷100万的资金支持，助力其新增生产线，扩大产能。 这笔业务的落地是杭州银行服务科创企业、践行普惠金融的真实写照。杭州银行聚焦实体制造业及专精特新企业， 深化行业客群、园区客群走访，持续深耕产业场景，创新服务模式，依托多元化金融产品，为小微企业提供优质高 效的金融服务。 "园区+产业+金融"融合创新 湖州国千东源智能产业园，以"高层次人才科技创新及创业产业化"为主题，重点聚焦"3D打印、汽车零部件、智能 制造"等核心产业。 该园区内许多初创期企业面临融资难、融资成本高等难题，亟需资金支持，但其轻资产运营模式与传统抵押融资难 以匹配。 一直以来，杭州银行湖州分行重点聚焦当地产业园区，持续与该园区走访对接，了解到园区内部分企业融资需求后 主动响应，积极寻求解决方法，最终为其中6家科技型企业量身打造"抵押+信用 ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Red Cat To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Red Cat between March 18, 2022 and January 15, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) -- Faruqi ...

SAN DIEGO, June 12, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Red Cat Holdings, Inc. (NASDAQ: RCAT) securities between March 18, 2022 and January 15, 2025, both dates inclusive (the "Class Period"), have until Tuesday, July 22, 2025 to seek appointment as lead plaintiff of the Red Cat class action lawsuit.  Captioned Olsen v. Red Cat Holdings, Inc., No. 25-cv-05427 (D.N.J.), the Red Cat class action lawsuit charges Red Cat and certain of ...

Core Points - Draganfly Inc. has successfully closed a public offering of 5,500,000 units, generating gross proceeds of approximately US$13.75 million at a price of US$2.50 per unit [1][2] - Each unit consists of one common share and one warrant, with the warrants having an exercise price of CA$5.0768 (or US$3.71) and expiring five years after issuance [1][2] - The net proceeds from the offering will be used for general corporate purposes, including funding new product capabilities, growth initiatives, working capital, and research and development [2] Offering Details - The offering was conducted under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) and a Canadian short form base shelf prospectus [3] - The securities were offered and sold exclusively in the United States, with no sales made to Canadian purchasers [3] - A final prospectus supplement and accompanying base shelf prospectus have been filed with relevant securities commissions and are available for public access [4] Company Overview - Draganfly Inc. is a pioneer in drone solutions, AI-driven software, and robotics, with over 25 years of innovation in the drone technology sector [6] - The company provides solutions for various sectors, including public safety, agriculture, industrial inspections, security, mapping, and surveying [6]

Toronto, ON , June 12, 2025 (GLOBE NEWSWIRE) -- In a decisive move to fortify Canada’s national security capabilities, Prime Minister Mark Carney has announced an $80 billion long-term defence investment package focused on technological modernization, domestic industrial capacity, and unmanned aerial systems (UAS). This landmark announcement, inclusive of robust support for drone development and Canadian manufacturing, marks a generational shift in federal defence procurement strategy. Draganfly Inc. (NASDA ...

NEW YORK, June 12, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Red Cat Holdings, Inc. ("Red Cat" or the "Company") (NASDAQ: RCAT) and certain officers.  The class action, filed in the United States District Court for the District of New Jersey, and docketed under 25-cv-05427, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Red Cat securities between March 18, 2022 and January 15, 202 ...

Core Viewpoint - ZenaTech, Inc. is accelerating the development and deployment of Counter-Unmanned Aircraft System (Counter-UAS) technology in response to a recent executive order aimed at enhancing drone defense solutions in the U.S. market [1][2][4] Company Overview - ZenaTech specializes in AI drone technology, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical applications across various sectors [6] - The company operates globally with seven offices in North America, Europe, Taiwan, and the UAE, and is expanding its DaaS business model and partner network [6] Product Development - ZenaDrone, a subsidiary of ZenaTech, is set to integrate Counter-UAS technology into its flagship ZenaDrone 1000 platform, which is designed for both commercial and defense applications [1][3] - The ZenaDrone 1000 is a 12X7-foot rotary-wing octocopter capable of carrying up to 40 kg (88 lbs) of payload and flying for up to one hour before needing to recharge [5] - The drone can be equipped with various sensors for real-time intelligence, surveillance, and reconnaissance (ISR) applications [5] Market Context - The recent executive order, 'Restoring American Airspace Sovereignty', emphasizes the need for effective drone defense solutions and prioritizes U.S.-made systems over foreign alternatives, thereby boosting demand for counter-UAS technologies [2][4] - The company aims to meet the growing domestic and international demand for drone defense solutions by fast-tracking research and development, testing, and deployment efforts [2][3]

Draganfly currently intends to use the net proceeds from the Offering for general corporate purposes, including to fund its capabilities to meet demand for its new products including growth initiatives and/or for working capital requirements including the continuing development and marketing of the Company's core products, potential acquisitions and research and development. The Offering is expected to close on or about June 12, 2025, subject to the satisfaction of customary closing conditions. Saskatoon, S ...