Business
Red Cat Announces Proposed Public Offering of Common Stock
SALT LAKE CITY, May 12, 2026 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, announced today that it intends to offer and sell shares of its common stock in an underwritten public offering. Red Cat is offering $200.0 million of shares of its common stock. In connection with the offering, Red Cat expects to grant the underwriters a 30-day option to purcha
About this update from Red Cat Holdings, Inc.
[{"type":"image","alt":"Red Cat Holdings, Inc.","displaySize":"","headline":null,"caption":"Red Cat Holdings, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":68,"url":"https://media.zenfs.com/en/globenewswire.com/6377515bad2011453697e5335d89d135"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/aHQ2QJkjAvxw5_IVMR3jDg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTk1O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/6377515bad2011453697e5335d89d135","width":300,"height":68},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/aHQ2QJkjAvxw5_IVMR3jDg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTk1O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/6377515bad2011453697e5335d89d135","width":300,"height":68}},"lazy":false},{"type":"text","content":"SALT LAKE CITY, May 12, 2026 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, announced today that it intends to offer and sell shares of its common stock in an underwritten public offering. Red Cat is offering $200.0 million of shares of its common stock. In connection with the offering, Red Cat expects to grant the underwriters a 30-day option to purchase up to an additional $30.0 million of shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.","length":827,"tagName":"p"},{"type":"text","content":"The Company intends to use net proceeds from the offering for general corporate purposes and continued acceleration of strategic growth initiatives, including, but not limited to, acquisitions or business expansion, research and development, capital expenditures and working capital.","length":283,"tagName":"p"},{"type":"text","content":"Evercore ISI and BofA Securities are acting as the joint lead bookrunners for the offering.","length":91,"tagName":"p"},{"type":"text","content":"The shares of common stock being offered by Red Cat pursuant to an automatically effective shelf registration statement that was filed with the Securities and Exchange Commission (the “SEC”) on May 12, 2026. The offering is being made o...