RCAT - Public offerings

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 the pricing of an underwritten public offering at a price to the public of $9.40 per share. Red Cat is selling 23,936,171 shares of its common stock. The gross proceeds from the offering to the Company are expected to be approximately $225.0 million, before deducting underwriting discounts and commissions and other offering expenses. The offering is expected to close on or about May 14, 2026, subject to customary closing conditions. In addition, Red Cat has

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 t

MarketNewsUpdates News Commentary PALM BEACH, Fla., Nov. 26, 2025 (GLOBE NEWSWIRE) -- Drones are being used more and more in a variety of industries, including logistics, construction, energy, and agricultural, for jobs including asset management, site inspection, crop monitoring, and delivery services. Numerous drone manufacturers are constantly experimenting, developing, and improving solutions for a range of markets and uses, such as emergency response and videography. Additionally, the commercial drone industry is seeing new growth prospects as a result of the use of contemporary technologies to provide improved solutions. The business outlook is anticipated to improve as a result of

SAN JUAN, Puerto Rico, Sept. 19, 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 the pricing of an underwritten public offering of 17,968,750 shares of common stock, including the full exercise of the underwriters' option to purchase 2,343,750 additional shares on September 19, 2025. The gross proceeds from the offering to the Company were approximately $172.5 million, before deducting underwriting discounts and commissions and other offering expenses. The Company intends to use net proceeds from the offering for

SAN JUAN, Puerto Rico, Sept. 18, 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 the pricing of an underwritten public offering of 15,625,000 shares of common stock at a price to the public of $9.60 per share. The gross proceeds from the offering to the Company are expected to be approximately $150 million, before deducting underwriting discounts and commissions and other offering expenses. The offering is expected to close on or about September 19, 2025, subject to customary closing conditions. In addition, Red Ca

SAN JUAN, Puerto Rico, Sept. 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 it intends to offer and sell shares of its common stock in an underwritten public offering. In connection with the offering, Red Cat also expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering. 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 t

SAN JUAN, Puerto Rico, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc.  (NASDAQ:RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced that its wholly owned subsidiary, Teal Drones, has achieved AS9100 certification from NSF International Strategic Registrations (NSF-ISR), a leading global certification body for aerospace and defense quality systems. The AS9100 standard, developed by the International Aerospace Quality Group (IAQG) and based on ISO 9001, is the globally recognized benchmark for quality management in the aviation, space, and defense sectors. It includes aerospace-

SAN JUAN, Puerto Rico, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced that it will hold a Town Hall Meeting for investors, analysts and members of the media on Thursday, August 14, 2025. Company management will provide general corporate and contract updates. Following management's formal remarks, there will be a question-and-answer session. Interested parties can register to attend the conference using the following link: https://zoom.us/webinar/register/WN_iK03iF_xRjOAuot3bkXwQA. About Red Cat, Inc. Red Cat

SAN JUAN, Puerto Rico, June 18, 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 6,448,276 shares of common stock resulting in gross proceeds of approximately $46.75 million, before deducting placement agent fees and other offering expenses. The offering closed on June 18, 2025. The Company intends to use net proceeds from the offering for general corporate and working capital purposes, incl

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 approximately $46.75 million, before deducting placement agent fees and other offering expenses. The offering is expected to close on or about June 18, 2025, subject to the satisfaction of cust

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. "We believe this financing positions Red Cat for significant growth in the drone industry focused on aerospace and

SAN JUAN, Puerto Rico, April 10, 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 4,724,412 shares of common stock, pursuant to a registered direct offering, expected to result in gross proceeds of approximately $30 million, before deducting placement agent fees and other offering expenses. The offering is expected to close on or about April 11, 2025, subject to the satisfaction of custo

SAN JUAN, Puerto Rico, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced it has entered into an agreement for up to $20 million and closed on the initial tranche of $16.5 Million in debt financing with The Lind Partners, a New York based institutional fund manager ("Lind"). Details of the agreement include: Debt Financing convertible at $16.15 share priceInitial Tranche proceeds of $15 million1 million warrants exercisable at $15.00 per share non cashless Additionally, Red Cat has applied for $58 million in debt financ

SAN JUAN, Puerto Rico, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced it has secured new orders for its Edge 130 drone from the Army National Guard and another U.S. Government Agency (OGA), totaling $518,000. FlightWave, a leading provider of VTOL drone, sensor and software solutions was acquired by Red Cat in September 2024. The acquisition brought FlightWave's flagship drone, the Edge 130 Blue into its family of low-cost, portable unmanned reconnaissance and precision lethal strike systems. Fli

SAN JUAN, Puerto Rico, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a leading American drone technology company, has been selected as the winner of the U.S. Army's Short Range Reconnaissance (SRR) Program of Record. The production selection was made after a test and evaluation process of Teal's next generation sUAS, completed by the Army Project Management Office for Uncrewed Aircraft Systems, Army Maneuver Battle Lab, Army Test and Evaluation Command, and Army Operational Test Center. "This is a powerful moment in time, coming after five years of blood, sweat, and tears put into SRR by our incredible team. The long-awaited production selection marks

SAN JUAN, Puerto Rico, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a drone technology company building hardware and software for military, government, and commercial operations, today announced that it will hold a Town Hall Meeting for investors, analysts and members of the media on Tuesday, November 19, 2024. Company management will provide an update on new developments for Black Widow™, which the company introduced as part of its ARACHNID™ Family of Small ISR and Precision Strike Systems at AUSA 2024. Following management's formal remarks, there will be a question-and-answer session. Interested parties can attend the conference call via Zoom

SAN JUAN, Puerto Rico, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced a new contract and order for 12 of its FlightWave Edge 130 Blue system from the Royal Australian Navy. The contract was secured through Criterion Solutions Pty Ltd., an Australian-based distributor of intelligence, surveillance, reconnaissance and information technology solutions. FlightWave, an industry-leading provider of VTOL drone, sensor and software solutions was acquired by Red Cat in September 2024. The acquisition brought FlightWave'

SAN JUAN, Puerto Rico, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a drone technology company building hardware and software for military, federal, and commercial operations, today introduced its ARACHNID™ family of unmanned intelligence, surveillance, and reconnaissance (ISR) and precision strike systems. Red Cat unveiled the Family of Systems at AUSA 2024 Annual Meeting and Exposition in Washington D.C. The ARACHNID family of systems is purpose built for the U.S. Army's roadmap to integrate UAS and long endurance aircraft in a combined arms fight with synchronized fire and maneuver across various command levels. Red Cat currently addresses the n

SAN JUAN, Puerto Rico, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced that Brett has joined its Board of Advisors. Brett is a drone industry expert, national media personality, and best-selling author of Drone Warrior, a first-hand account that chronicles the U.S. military's evolution between 2001 - 2016 and the technology driving it. "Brett's drone technology expertise is well known within the industry, and we are honored to have him join Red Cat's Board of Advisors to provide us strategic guidance during this time of rapid inn

SANTA MONICA, Calif., Sept. 17, 2024 (GLOBE NEWSWIRE) -- FlightWave Aerospace, a leading innovator in unmanned aerial systems (UAS), today announced it has secured a $1.9 million award through the U.S. Air Force's Tactical Funding Increase (TACFI) program. Following the recent acquisition of FlightWave by Red Cat Holdings, Inc. (NASDAQ:RCAT), the company will use the funding to support critical enhancements to the Edge 130 Vertical Takeoff and Landing (VTOL) system, now a part of Red Cat's family of low-cost, portable unmanned reconnaissance and precision lethal strike systems. The TACFI program, part of the U.S. Department of Defense's broader Small Business Innovation Research (SBIR) in

SAN JUAN, Puerto Rico, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced the closing of its acquisition of FlightWave Aerospace Systems Corporation ("FlightWave"), an industry-leading provider of VTOL drone, sensor and software solutions. The acquisition officially brings the Edge 130, FlightWave's Blue UAS approved military-grade tricopter, into Red Cat's family of low-cost, portable unmanned reconnaissance and precision lethal strike systems. "Today marks a transformative milestone for Red Cat and our goal to provide

SAN JUAN, Puerto Rico, Aug. 08, 2024 (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, reports its financial results for the fiscal year ended April 30, 2024 and provides a business update Recent Operational Highlights: Certification of Teal 2 as Blue UAS received from U.S. Department of DefenseContinued global sales expansion into Middle East and Latin American marketsSelected by U.S. Army as finalist for Short Range Reconnaissance Program of RecordLaunched Red Cat Futures Initiative Drone Industry ConsortiumIntroduced new Family of L

SAN JUAN, Puerto Rico, July 22, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced that it secured $4.4 million of non-dilutive financing through its divestiture in Unusual Machines. Additional information on the financing will be filed with the U.S. Securities and Exchange Commission. The funds will finance working capital needs around the ongoing development of Red Cat's Family of Systems, which includes Teal Drones, Edge 130, and a new line of FANG™ First-Person View (FPV) drones. The goal of the Family of Systems is to meet t

SAN JUAN, Puerto Rico, June 24, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced that it is set to join the Russell Microcap® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective following the closing of US equity markets on Friday, June 28, 2024, according to a preliminary list of additions posted Friday, May 24, 2024. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30, 2024, ranking them by total market capitalization. Membership in the

SAN JUAN, Puerto Rico, June 17, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today introduced its new family of unmanned Intelligence, Surveillance, and Reconnaissance (ISR) and precision lethal strike systems. The announcement, made on the first day of Eurosatory in Paris, comes on the heels of Red Cat's LOI to acquire FlightWave Aerospace Systems Corporation. Red Cat's family of ISR and precision strike drones will provide the industry with an alternative to conventional ISR/strike systems on the market that are high cost and non-retri

SAN JUAN, Puerto Rico, June 11, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced it has entered into a Letter of Intent (LOI) for the planned acquisition of FlightWave Aerospace Systems Corporation ("FlightWave"), an industry-leading provider of Vertical Take-off and Landing (VTOL) drone, sensor, and software solutions. Edge 130, FlightWave's Blue UAS approved military-grade tricopter would, upon closing, be added to Red Cat's line of unmanned Intelligence, Surveillance, and Reconnaissance (ISR) systems. "The planned acquisitio

SAN JUAN, Puerto Rico, May 07, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced the formation of the Red Cat Futures Initiative (RFI). RFI is an independent, industry-wide consortium of robotics and autonomous systems (RAS) partners dedicated to putting the most advanced and interoperable uncrewed aircraft systems into the hands of warfighters. Anchored by Red Cat's Teal Drones, the RFI unites the world's most innovative UAS hardware and software companies focused on AI/ML, swarming, FPV, command and control, and payloads. Fo

SAN JUAN, Puerto Rico, April 25, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announced it has successfully passed electronic warfare (EW) testing in Ukraine with Doodle Labs. The successful test is part of a continuous innovation cycle that began in May 2023 with a partnership between Doodle Labs and Red Cat for its U.S. Army Short Range Reconnaissance (SRR) program prototype. The ongoing partnership between Red Cat and Doodle Labs is addressing the growing need by the U.S. and its allies for small, autonomous, and attritable drones equ

SAN JUAN, Puerto Rico, April 18, 2024 (GLOBE NEWSWIRE) --  Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces a partnership with Sentien Robotics, a leader in autonomous drone fleet logistics. The partnership will enable organizations using Sentien's Hive UAS management platforms to deploy Teal Drones as part of a larger autonomous drone swarming strategy for mobile and fixed-position land, air, and sea defense and security operations. The partnership between Red Cat and Sentien Robotics will enable the companies to provide warfighters with the ability for c

SAN JUAN, Puerto Rico, April 09, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces a partnership with Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions. The partnership will enable organizations using OPT's PowerBuoy® and WAM-V® platforms to deploy Teal 2 Drones as part of their strategy to leverage autonomous vehicles to assess and address maritime threats in real time. "Partnering with Ocean Power Technologies is a significant part

SAN JUAN, Puerto Rico, March 26, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government and commercial operations, announces a total of $2.5 million in new contract awards with two NATO allied countries. As part of its expanded global sales strategy, Red Cat will provide the new customers with Teal 2 drone systems, training, and accessories with an anticipated delivery by the end of March. "Our American-made, rucksack-portable drones are providing warfighters with rapidly deployed reconnaissance and situational awareness to enhance the effectiveness and sa

SAN JUAN, Puerto Rico, March 18, 2024 (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, reports its financial results for the second quarter ended March 18, 2024, and provides a business update. Operating Highlights: Continued global expansion with entry into Latin America and Middle East marketsPartnered with Primordial Labs to integrate AI-driven voice control technology to its platformsPart of successful joint drone industry effort resulting in the passing of the American Security Drone Act by CongressRed Cat subsidiary, Teal Drones

SAN JUAN, Puerto Rico, March 15, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced that General (R) Paul Edward Funk II has joined its Board of Directors. The addition of General Funk brings the Board's current composition to five members, including four independent directors. "As an internationally recognized, combat-proven leader with a track record of transforming large, complex organizations, General Funk brings a wealth of knowledge to Red Cat during an important growth phase of our company," said Jeff Thomson, Red Cat's CEO. "As drone

SAN JUAN, Puerto Rico, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces a partnership with Primordial Labs, a software company building the next-generation interface for human-machine integrated formations, to bring AI-driven voice control technology into its platform. Primordial Labs' Anura interface will be incorporated into Red Cat's Teal 2 drones and future products, where it will enable operators to leverage natural language to command and control autonomous actions for drones and swarms of drones. "Add

SAN JUAN, Puerto Rico, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat'' or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports preliminary record revenue for the third quarter of fiscal 2024 (three months ending January 31, 2024) ahead of its quarterly filing, including: Revenue of approximately $5.8 million for fiscal third quarter of 2024, representing a sequential increase of 49%Current backlog of approximately $5.1M, representing the highest amount in company historyRevenue guidance of approximately $7 million in revenue for the fiscal fourth quarter (three m

SAN JUAN, Puerto Rico, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government and commercial operations, announces its introduction into the defense and security market in the Middle East, furthering its global expansion efforts among U.S. allies. The Company will be showcasing its Teal 2 drone system at the World Defense Show, a leading defense and security event held in Riyadh, Saudi Arabia on February 4-8, 2024. Red Cat will be exhibiting in booth L5.2 in the North American Pavilion and will also be demonstrating the Teal 2 in the event's demonstrat

SAN JUAN, Puerto Rico, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces it will integrate advanced AI capabilities into its next generation drone under development for the U.S. Army's Short Range Reconnaissance (SRR) Tranche 2 Program of Record. Red Cat's subsidiary Teal Drones (Teal) will incorporate Teledyne FLIR's Prism™ AI platform, which provides classification, object detection, and autonomous tracking technology in real-time during both nighttime and daytime operations. Teal was recently selected by t

SAN JUAN, Puerto Rico, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government and commercial operations, announces it will be participating in the 2024 SHOT Show January 23-26, 2024. The event will be held at The Venetian Expo and the Caesars Forum in Las Vegas. Red Cat will be exhibiting at The Venetian Expo Level 1 – Booth #61307. The Company will be showcasing its man-portable Teal 2 drone solution, which is also both affordable and nighttime optimized. Teal 2 is built by Red Cat subsidiary Teal Drones, based in Salt Lake City. It is designed to

SAN JUAN, Puerto Rico, Dec. 26, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government and commercial operations, endorses the passing of the American Security Drone Act (ASDA) as an important legislation package that benefits the federal government, domestic drone businesses, and national security. Introduced in November 2023, the bipartisan act prevents the federal government from procuring drones from countries that are deemed security threats, such as China. It was officially passed into law as part of the National Defense Authorization Act. "The passing o

SAN JUAN, Puerto Rico, Dec. 15, 2023 (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, reports its financial results for the second quarter ended October 31, 2023 and provides a business update. Operating Highlights: Selected by U.S. Army as a finalist for its Short Range Reconnaissance (SRR) Tranche 2 Drone ProgramReceived orders for 344 drones with a total value of approximately $5.2 million from a U.S. federal government agencySecured contract with U.S. Customs and Border protection for 106 Teal 2 Drone systemsPartnered with aer

SAN JUAN, Puerto Rico, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat'' or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces that its subsidiary Teal Drones (Teal) has been selected by the Department of Defense's (DoD) Defense Innovation Unit (DIU) and the U.S. Army as one of two finalists competing in the Short Range Reconnaissance Tranche 2 (SRR T2) Program of Record. As part of being named a finalist, Teal will be awarded $3 million of additional funding to support final prototype development and completion of remaining SRR milestones. Teal was previously

SAN JUAN, Puerto Rico, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced the closing of its previously announced public offering of 18,400,000 shares of its common stock, including 2,400,000 shares sold upon full exercise of the underwriter's option to purchase additional shares, at a public offering price of $0.50 per share for gross proceeds of $9,200,000, before deducting underwriting discounts and offering expenses. The Company intends to use the proceeds from the offering for general corporate purp

SAN JUAN, Puerto Rico, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT), ("Red Cat" or the "Company"), today announced the pricing of its previously announced underwritten public offering of 16,000,000 shares of its common stock at a public offering price of $0.50 per share, for gross proceeds of $8,000,000, before deducting underwriting discounts, commissions and offering expenses. All of the shares of common stock are being offered by the Company. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 2,400,000 shares of common stock at the public offering price less discounts and commissions, to cover over-allotments.

SAN JUAN, Puerto Rico, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company") today announced that it intends to offer to sell shares of its common stock in an underwritten public offering. All of the shares of common stock are to be sold by the Company. ThinkEquity is acting as sole book-running manager for the offering. The Company expects to grant the underwriter a 45-day option to purchase up to an additional 15% of the number of shares of common stock sold in this offering to cover over-allotments, if any. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as

SAN JUAN, Puerto Rico, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government and commercial operations, announces its debut into the Latin America defense and security market, a continuation of its global expansion efforts among U.S. allies. The Company will be showcasing its Teal 2 drone at Expodefensa 2023, a leading defense and security event being held in Bogotá, Colombia on December 5-7, 2023. Red Cat will be exhibiting in booth D258 in the USA Partnership Pavilion. "Latin America has unique security and defense needs, and we believe that our Te

SAN JUAN, Puerto Rico, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces several management changes. George Matus, founder and CEO of wholly owned subsidiary, Teal Drones, has been appointed as Chief Technology Officer of Red Cat. Concurrently, Allan Evans, Chief Operating Officer, is departing to become CEO of Unusual Machines, Inc. ("UM"), which is presently seeking to acquire the Company's Consumer segment consisting of Rotor Riot and Fat Shark Holdings. Following the sale of the Consumer segment, the Compa

SAN JUAN, Puerto Rico, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government and commercial operations, announces CEO Jeff Thompson will be a featured speaker at the Association for Uncrewed Vehicle Systems International's Partnership for Drone Competitiveness press conference to be held in Washington, D.C. at 1pm ET on November 14, 2023. The event commemorates the recent launch of the alliance at the House Triangle outside of the Capitol and will feature leading U.S. drone companies and members of Congress. The Partnership for Drone Competitiveness,

SAN JUAN, Puerto Rico, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government and commercial operations, today announces that its subsidiary Teal Drones has been selected to receive a $750,000 Manufacturing Modernization Grant from the State of Utah. Teal is among the recipients of the $10 million Utah Manufacturing Modernization Grant, awarded by the Governor's Office of Economic Opportunity as an incentive for Utah businesses to modernize, establish, relocate, retain or develop manufacturing in the state. Its goal is to modernize manufacturing, incr

SAN JUAN, Puerto Rico, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat'' or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports preliminary revenue for the second quarter of fiscal 2024 (three months ending October 31, 2023) ahead of its quarterly filing, including: Revenue of approximately $3.9 million for fiscal second quarter of 2024, representing a sequential increase of 123%Backlog of approximately $4.5M at October 31, 2023, representing the highest amount in the Company's historyCompany affirms previous guidance of approximately $5 million in revenue for the

SAN JUAN, Puerto Rico, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat'' or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces that Dr. Allan Evans, Chief Operating Officer, will present a corporate overview at the ThinkEquity Conference. The conference is being held on October 19, 2023 at the Mandarin Oriental Hotel in New York. Event: ThinkEquity Conference Presentation Date: October 19, 2023 Time: 1:30pm ET (South Salon 1)    Dr. Allan Evans will be available for one-on-one meetings throughout the conference. For more information and to regist

SAN JUAN, Puerto Rico, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat'' or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces that it will participate in two October 2023 conferences. Maxim Group Virtual Tech Conference Series Dr. Allan Evans, Chief Operating Officer, will participate in a Drone Panel Discussion at the Maxim Group Virtual Tech Conference Series: Exploring all Corners of the Tech Sector. The conference is being held virtually on October 10 – 11, 2023. Event:Maxim Group Tech Conference SeriesDrone Panel Discussion:Tuesday, October 10, 2023Time:

SAN JUAN, Puerto Rico, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat'' or the "Company"), a drone technology company integrating robotic hardware and software for military, government and commercial operations, today announces that Jeff Thompson, Chief Executive Officer, will present a corporate overview at the LD Micro Main Event XVI. The conference is being held on October 3 – 5, 2023 at the Luxe Sunset Boulevard Hotel in Los Angeles. Event:LD Micro Main Event XVIPresentation Date:Tuesday, October 3Time:4:00pm PT (Track 1)Webcast Link:https://me23.sequireevents.com/   A replay of the presentation will be available both through the same link following t

SAN JUAN, Puerto Rico, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government and commercial operations, today announces that subsidiary Teal Drones has signed $1.8 million in contracts with U.S. Customs and Border Protection (CBP) to provide Teal 2 systems to U.S. Border Patrol.  Teal will deliver 106 Teal 2 drones plus spare parts and training. Border Patrol is using the Teal 2 to provide supplemental airborne reconnaissance, surveillance and tracking capability, enhancing situational awareness for U.S. field commanders and agents.  The single

SAN JUAN, Puerto Rico, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or "Company"), a military technology company integrating robotic hardware and software to protect and support the warfighter, reports its financial results for the fiscal quarter ended July 31, 2023 and provides a business update. Operational Highlights: Orders for 344 drones with a total value of approximately $5.2 million placed by a U.S. federal government agencyRemote ID certification received from the Federal Aviation Administration (FAA)Teal 2 sUAS Now Available for Purchase Through US Government's GSA AdvantageSecured $1.2M Additional Funding for U.S. Army's Short Range Reconna

SAN JUAN, Puerto Rico, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government and commercial operations, today announces a development partnership with aerospace engineering firm ESAero. ESAero will assist with fast-tracked, customer-specific projects, allowing Red Cat to remain focused on its core hardware and software offerings, including the Teal 2 sUAS. "We're proud to be working with ESAero," said George Matus, founder and CEO of Red Cat subsidiary Teal Drones. "We've been impressed by their engineering skill set and understanding of market req

SAN JUAN, Puerto Rico, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat'' or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces revenue for the first quarter of fiscal 2024 (three months ending July 30, 2023) ahead of its quarterly filing and provides revenue guidance for the second and third quarters of fiscal 2024. Revenue in the fiscal first quarter for the three months ending July 30, 2023 was $1.75 million. This revenue is entirely from the Company's Enterprise Division and specifically from its Teal Drones ("Teal") subsidiary that sells drones predominant

SAN JUAN, Puerto Rico, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat'' or the "Company"), a drone technology company integrating robotic hardware and software for military, government and commercial operations, announces that Jeffrey Thompson, Chief Executive Officer, will present a corporate overview at the H.C. Wainwright 25th Annual Global Investment Conference and provide an update on the recently announced $5.2M in contract awards that will be placed with the U.S. Air Force Security Forces. The conference is being held on September 11 – 13, 2023 at the Lotte New York Palace Hotel. Presentation Date:September 13, 2023  Time:10:00 am ET  Webcast Link

SAN JUAN, Puerto Rico, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government and commercial operations, announces that Utah Sen. Mitt Romney recently toured the Salt Lake City headquarters of Red Cat subsidiary Teal Drones. The visit, which took place on Aug. 22, was designed to educate Sen. Romney on Teal's operations, specifically its factory that was purpose-built to meet the growing demand for U.S.-made drones. Sen. Romney met and spoke with Teal's department heads and learned more about the engineering, testing, manufacturing, supply chain and c

SAN JUAN, Puerto Rico , Aug. 23, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government and commercial operations, today announces that subsidiary Teal Drones has received a second $2.6 million purchase order to supply Teal 2 systems to the U.S. Defense Logistics Agency (DLA). Teal will deliver an additional 172 units of the Teal 2 drone plus spare parts and training. Previously, on Aug. 8, Red Cat announced an initial order from the DLA for 172 units, also totaling $2.6 million. Combined, the two orders now total $5.2 million. Both orders were requested by U

SAN JUAN, Puerto Rico , Aug. 22, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government and commercial operations, today announces that its military-grade sUAS, the Teal 2, has received Remote ID certification from the Federal Aviation Administration (FAA). Remote ID allows UAS in flight to provide identification and location information that other parties can receive via a broadcast signal. The technology is designed to provide increased safety and security in U.S. airspace as unmanned aerial systems become more ubiquitous. The FAA will require all UAS oper