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Apium Joins Red Cat Futures Initiative to Advance Swarming Autonomy for Tactical Drones
Globenewswire· 2025-11-04 13:00
Core Insights - Apium Swarm Robotics has signed a Memorandum of Agreement with Red Cat Holdings to enhance drone operational capabilities for defense and national security [1][2] - The partnership aims to integrate Apium's swarm technology into Red Cat's drone systems, particularly the Teal 2 drone, which has successfully demonstrated autonomous multi-agent missions [3][4] Company Overview - Apium Swarm Robotics specializes in distributed autonomy for unmanned systems, focusing on real-time swarming capabilities and decentralized decision-making [10] - Red Cat Holdings is a provider of advanced drone and robotic solutions, with a focus on military and public safety operations across various domains [12] Technological Advancements - Apium's technology allows drones to operate independently, making real-time decisions without centralized control, enhancing resilience against failures and communication loss [5][7] - The system supports a variety of behaviors that can be easily adjusted during missions, allowing for flexible operational strategies [6] Strategic Initiatives - The collaboration is part of the Red Cat Futures Initiative, which aims to accelerate the deployment of autonomous systems across air, land, and sea [8] - By joining this initiative, Apium will work on integrating its swarm-enabled platform across Red Cat's Family of Systems, enhancing tactical capabilities [9]
Red Cat to Announce Third Quarter 2025 Financial Results on November 13th and Participate in Upcoming Investor Conferences
Globenewswire· 2025-11-04 11:00
Core Points - Red Cat Holdings, Inc. will release its third quarter 2025 financial results on November 13, 2025, after market close [2] - The company will host an earnings conference call at 4:30 p.m. ET on the same day to discuss financial results and corporate developments [2] - Jeff Thompson, CEO, will present at the H.C. Wainwright AeroNext Conference on December 10, 2025, and both he and CFO Chris Ericson will participate in the Northland Capital Virtual Growth Conference on December 16, 2025 [8] Company Overview - Red Cat Holdings, Inc. is a U.S.-based provider of advanced drone and robotic solutions for defense and national security [6] - The company develops American-made hardware and software through its subsidiaries, Teal Drones and FlightWave Aerospace, supporting military, government, and public safety operations [6] - Red Cat's Family of Systems, including the Black Widow™, offers tactical capabilities in small unmanned aircraft systems (sUAS) and is expanding into maritime solutions with Blue Ops, Inc. [6]
Red Cat to Present at the ThinkEquity Conference
Globenewswire· 2025-10-29 13:07
Core Viewpoint - Red Cat Holdings, Inc. is set to present at the ThinkEquity Conference, highlighting its advanced drone and robotic solutions for defense and national security [1][2]. Company Overview - Red Cat Holdings, Inc. (Nasdaq: RCAT) specializes in advanced all-domain drone and robotic solutions aimed at defense and national security [3]. - The company operates through subsidiaries Teal Drones and FlightWave Aerospace, focusing on American-made hardware and software for military, government, and public safety operations across various domains [3]. - Red Cat's Family of Systems, particularly the Black Widow™, offers significant tactical capabilities in small unmanned aircraft systems (sUAS) [3]. - The company is expanding into maritime operations through Blue Ops, Inc., innovating in uncrewed surface vessels (USVs) to enhance safety and mission effectiveness [3].
Red Cat Holdings Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters' Option to Purchase Additional Shares
Globenewswire· 2025-09-19 16:55
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]
Red Cat Holdings Announces Pricing of $150,000,000 Public Offering of Common Stock
Globenewswire· 2025-09-18 11:00
Core Viewpoint - Red Cat Holdings, Inc. has announced a public offering of 15,625,000 shares at a price of $9.60 per share, aiming to raise approximately $150 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The offering is expected to close on or about September 19, 2025, subject to customary closing conditions [1]. - Underwriters have a 30-day option to purchase up to 2,343,750 additional shares at the public offering price [1]. - Northland Capital Markets is the sole bookrunner, with Ladenburg Thalmann & Co. Inc. acting as co-manager for the transaction [2]. Group 2: Use of Proceeds - The 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]. Group 3: Company Overview - Red Cat Holdings, Inc. is a U.S.-based provider of advanced 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 [5]. - Red Cat is expanding into the maritime domain with its Blue Ops, Inc., focusing on uncrewed surface vessels (USVs) to enhance safety and mission effectiveness [5].
Red Cat Holdings Announces Proposed Public Offering of Common Stock
Globenewswire· 2025-09-17 20:20
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].
Red Cat Holdings Announces Closing of $46.75 Million Registered Direct Offering of Common Stock
Globenewswire· 2025-06-18 20:05
Core Viewpoint - Red Cat Holdings, Inc. has successfully closed a registered direct offering, raising approximately $46.75 million to support its growth in the drone industry and accelerate product development for its new Unmanned Surface Vessels division [1][3]. Financial Summary - The offering involved the purchase and sale of 6,448,276 shares of common stock, resulting in gross proceeds of about $46.75 million before fees and expenses [1]. - The company plans to use the net proceeds for general corporate and working capital purposes, including operating expenditures for its new unmanned surface vessel division [2]. Operational Highlights - Jeff Thompson, the CEO, stated that this financing positions the company for significant growth in the drone industry [3]. - Northland Capital Markets acted as the exclusive placement agent, while Ladenburg Thalmann served as the financial advisor for the transaction [3]. Company Overview - Red Cat Holdings, Inc. specializes in drone technology, integrating robotic hardware and software for military, government, and commercial operations [6]. - The company has developed a Family of Systems, including the Black Widow, TRICHON, and FANG drones, with applications in military operations [6]. Future Outlook - The company aims to expand its manufacturing capacity, moving production of the Edge 130 to a larger facility and doubling the production capacity of the Black Widow to 1,000 units per month [7]. - Red Cat reiterates its annual revenue guidance for 2025, projecting between $80 million and $120 million, with specific sales targets for various products [7].
Red Cat Holdings Announces $46.75 Million Registered Direct Offering of Common Stock
Globenewswire· 2025-06-17 13:19
Core Viewpoint - Red Cat Holdings, Inc. has announced a registered direct offering of 6,448,276 shares of common stock, expected to generate gross proceeds of approximately $46.75 million before expenses [1][2]. Group 1: Offering Details - The offering is set to close on or about June 18, 2025, pending customary closing conditions [1]. - Northland Capital Markets is acting as the exclusive placement agent for this transaction [2]. - The offering is made under an effective shelf registration statement on Form S-3, declared effective by the SEC on December 11, 2024 [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate and working capital purposes, including operating expenditures for the new unmanned surface vessel division [2]. Group 3: Company Overview - Red Cat Holdings, Inc. specializes in drone technology, integrating robotic hardware and software for military, government, and commercial applications [5]. - The company has developed a Family of Systems through its subsidiaries, including the Black Widow™, TRICHON™, and FANG™ drones, which are optimized for military operations [5].
Red Cat Supports Executive Orders to Strengthen U.S. Drone Manufacturing and National Security
Globenewswire· 2025-06-09 10:00
Core Insights - Red Cat Holdings, Inc. supports recent executive orders from the White House aimed at enhancing U.S. leadership in uncrewed aircraft systems (UAS) and strengthening the domestic industrial base [1][5] - The executive actions are designed to eliminate regulatory barriers and modernize federal approval processes, prioritizing U.S.-manufactured drones [2][5] - Red Cat emphasizes the importance of policy alignment to facilitate the deployment of trusted, American-made drone systems at scale [3][5] Company Overview - Red Cat Holdings, Inc. is a drone technology company that integrates robotic hardware and software for military, government, and commercial applications [6] - The company has developed a Family of Systems, including the Black Widow™, a small unmanned ISR system awarded the U.S. Army's Short Range Reconnaissance Program contract [6] - Red Cat's vision includes creating a holistic ecosystem of fully integrated autonomous platforms for operations across air, land, and sea [4][6] Strategic Initiatives - The company is committed to supporting the White House's coordinated approach to enhance American drone and maritime dominance through regulatory clarity and targeted investments [5] - Red Cat is prepared to leverage advanced technologies, including AI and computer vision, in its electric Vertical Takeoff and Landing systems [3] - The company aims to enhance multi-domain situational awareness and autonomous mission execution through the development of advanced uncrewed surface vessels [3]
Red Cat Expands Maritime Domain Capabilities with Battle-Tested Unmanned Surface Vessels
Globenewswire· 2025-05-14 10:30
Core Insights - Red Cat Holdings, Inc. is expanding its multi-domain capabilities by entering the unmanned surface vessel (USV) market, responding to the growing global demand for autonomous platforms [1][2][3] - The strategic partnership with a leading USV manufacturer enhances Red Cat's position in the maritime autonomy sector, aligning with U.S. defense priorities amid rising geopolitical tensions [2][3][4] Company Developments - Red Cat's new line of USVs is designed for both autonomous operation and manned-unmanned teaming (MUM-T), with over 10,000 hours of operational time in live combat missions [4][5] - The company plans to start production of a seven-meter Expeditionary Multi-Role Craft in Q3, which is tailored for high-speed, long-range maritime operations [5][6] - The USVs are built for larger payloads, extended endurance, and increased firepower, making them suitable for various military operations [5][6] Industry Context - The entry into the maritime domain is a direct response to the U.S. and its allies' need for advanced defense solutions to counter rising maritime threats, particularly in the Indo-Pacific region [2][3] - Red Cat aims to provide American-manufactured solutions that meet the urgent operational needs of U.S. and allied naval forces [2][3] - The company is positioned to shape the future of autonomous warfare and strengthen U.S. defense manufacturing through its innovative USV offerings [3][4]