Business

Red Cat Holdings Announces Closing of $30 Million Registered Direct Offering of Common Stock

SAN JUAN, Puerto Rico, April 14, 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, has successfully closed the previously announced registered direct offering with certain institutional investors for the purchase and sale of 4,724,412 shares of common stock resulting in gross proceeds of approximately $30 million, before deducting placem

articleRed Cat Holdings, Inc.April 14, 20254/company/red-cat-holdings-inc/news/red-cat-holdings-announces-closing-of-dollar30-million-registered-direct-offering-of-common-stock
Red Cat Holdings Announces Closing of $30 Million Registered Direct Offering of Common Stock

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}},"lazy":false},{"type":"text","content":"SAN JUAN, Puerto Rico, April 14, 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, has successfully closed the previously announced registered direct offering with certain institutional investors for the purchase and sale of 4,724,412 shares of common stock resulting in gross proceeds of approximately $30 million, before deducting placement agent fees and other offering expenses. The offering closed on April 11, 2025.","length":582,"tagName":"p"},{"type":"text","content":"“We believe this financing positions Red Cat for significant growth in the drone industry focused on aerospace and defense technologies, establishing Red Cat as one of the fastest growing drone companies based in the United States,” said Jeff Thompson, Founder, Chairman and Chief Executive Officer of Red Cat.","length":310,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Red Cat remains focused in the near term on driving growth through being the previously announced sole winner of the U.S. Army Short Range Reconnaissance (SRR) Program of Record and will continue to grow sales of its Black Widow, Edge 130 and FANG product offerings and invest in new product offerings.","length":302,"tagName":"p"}]},{"val":[{"type":"text","content":"Red Cat is reiterating its calendar 2025 guidance of $80-120 million, driven by military contracts and strategic partnerships, including the recently announced partnership with Palantir Technologies, which integrates Palantir’s Visual Navigation (VNav) and Warp Speed manufacturing operating system.","length":299,"tagName":"p"}]},{"val":[{"type":"text","content":"Red Cat continues to hire strategic talent, most recently adding Ch...

More updates from Red Cat Holdings, Inc.

Red Catcommercial operationsregistered direct offeringForward-Looking Statements