SEC Form SC 13G filed by Red Cat Holdings Inc.

2/14/24 2:44:26 PM ET

Computer Software: Prepackaged Software

Technology

Get the next $RCAT alert in real time by email

SC 13G 1 RedCat13gt.txt RCAT THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Red Cat Holdings, Inc. (Name of Issuer) Common Stock, $0.001 Par Value (Title of Class of Securities) 75644T100 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person?s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 75644T100 (1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (entities only): AWM Investment Company, Inc. (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a)___ b)___ (3) SEC Use Only (4) Citizenship or Place of Organization: Delaware, United States Number of Shares Beneficially Owned by Each Reporting Person With (5) Sole Voting Power: 5,000,000** (6) Shared Voting Power: 0** (7) Sole Dispositive Power: 5,000,000** (8) Shared Dispositive Power: 0** (9) Aggregate Amount Beneficially Owned by Each Reporting Person: 5,000,000** (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): (11) Percent of Class Represented by Amount in Row (9): 6.7%** (12) Type of Reporting Person (See Instructions): IA **AWM Investment Company, Inc., a Delaware Corporation (AWM), is the investment adviser to Special Situations Fund III QP, L.P. (SSFQP), Special Situations Cayman Fund, L.P. (Cayman), Special Situations Technology Fund, L.P. (TECH) and Special Situations Technology Fund II, L.P. (TECH II), (SSFQP, Cayman, TECH and TECH II will hereafter be referred to as the Funds). As the investment adviser to the Funds, AWM holds sole voting and investment power over 2,737,500 shares of Common Stock of the Issuer (the Shares) held by SSFQP, 797,000 Shares held by Cayman, 232,500 Shares held by TECH and 1,233,000 Shares held by TECH II. See Items 2 and 4 of this Schedule for additional information. Item 1(a). Name Of Issuer: Red Cat Holdings, Inc. Item 1(b). Address of Issuer?s Principal Executive Offices: 15 Avenue Munoz Rivera ? Suite 2200 San Juan, Puerto Rico 00901-2510 Item 2(a). Name of Person Filing: The person filing this report is AWM Investment Company, Inc., a Delaware corporation (AWM), which is the investment adviser to Special Situations Cayman Fund, L.P., a Cayman Islands Limited Partnership (CAYMAN), Special Situations Fund III QP, L.P., a Delaware limited partnership (SSFQP), Special Situations Technology Fund, L.P., a Delaware limited partnership (TECH) and Special Situations Technology Fund II, L.P., a Delaware limited partnership (TECH II), (CAYMAN, SSFQP, TECH and TECH II, will hereafter be referred to as the Funds). The principal business of each Fund is to invest in equity and equity-related securities and other securities of any kind or nature. David M. Greenhouse (Greenhouse) and Adam C. Stettner (Stettner) are members of: SSCayman, L.L.C., a Delaware limited liability company (SSCAY), the general partner of CAYMAN. Greenhouse and Stettner are members of MGP Advisers Limited Partnership, a Delaware limited partnership (MGP), the general partner of SSFQP and SST Advisers, L.L.C., a Delaware limited liability company (SSTA), the general partner of TECH and TECH II. Greenhouse and Stettner are also controlling principals of AWM. Item 2(b). Address of Principal Business Office or, if None, Residence: The principal business address for AWM is c/o Special Situations Funds, 527 Madison Avenue, Suite 2600, New York, NY 10022. Item 2(c). Citizenship: AWM is a Delaware Corporation. Item 2(d). Title of Class of Securities: Common Stock, $0.001 Par Value Item 2(e). CUSIP No.: 75644T100 Item 3. If This Statement Is Filed Pursuant to ??240.13d-1(b) or 240.13d-2(b) or (c), check whether the Person Filing is a: Not Applicable. Item 4. Ownership (a) Amount Beneficially Owned: 5,000,000** (b) Percent of Class: 6.7%** (c) Number of Shares as to which the person has: (i) sole power to vote or to direct the vote: 5,000,000** (ii) shared power to vote or to direct the vote: 0** (iii) sole power to dispose or to direct the disposition of: 5,000,000** (iv) shared power to dispose or to direct the disposition of: 0** ______________________________________________________________________ ** AWM is the investment adviser to each of the Funds. As the investment adviser to the Funds, AWM holds sole voting and investment power over 2,737,500 shares of Common Stock of the Issuer (the Shares) held by SSFQP, 797,000 Shares held by Cayman, 232,500 Shares held by TECH and 1,233,000 Shares held by TECH II. Greenhouse and Stettner are members of SSCAY, the general partner of CAYMAN. Greenhouse and Stettner are members of MGP, the general partner of SSFQP and SSTA, the general partner of TECH and TECH II. Greenhouse and Stettner are also controlling principals of AWM. Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. __ Item 6. Ownership of More Than Five Percent on Behalf of Another Person Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person Not Applicable. Item 8. Identification and Classification of Members of the Group Not Applicable. Item 9. Notice of Dissolution of Group Not Applicable. Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 13, 2024 AWM INVESTMENT COMPANY, INC. By: /s/ Adam Stettner Name: Adam Stettner Title: Executive Vice President Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) -1-

Get the next $RCAT alert in real time by email

Date

Price Target

Rating

Analyst

3/11/2025

$13.00

Outperform

Northland Capital

6/14/2024

$4.00

Buy

Ladenburg Thalmann

SEC Form SC 13G filed by Red Cat Holdings Inc.

2/14/24 2:44:26 PM ET

$RCAT

Computer Software: Prepackaged Software

Technology

Get the next $RCAT alert in real time by email

Date

Price Target

Rating

Analyst

3/11/2025

$13.00

Outperform

Northland Capital

6/14/2024

$4.00

Buy

Ladenburg Thalmann

SEC Form SC 13G filed by Red Cat Holdings Inc.

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$RCAT

SEC Form SC 13G filed by Red Cat Holdings Inc.

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$RCAT

$RCAT
Press Releases

Autonomous Defense Networks Grow as Approximately $28B Investment Wave Transforms Military Communications

Use of Drones for Land Surveying and Mapping Reaching New Levels Becoming a Billion Dollar Opportunity

Red Cat Holdings Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters' Option to Purchase Additional Shares

$RCAT
Insider Trading

Director Moe Christopher R. sold $109,100 worth of shares (10,000 units at $10.91), decreasing direct ownership by 16% to 53,073 units (SEC Form 4)

Director Moe Christopher R. sold $501,900 worth of shares (50,000 units at $10.04), decreasing direct ownership by 44% to 63,073 units (SEC Form 4)

Director Moe Christopher R. sold $250,560 worth of shares (26,833 units at $9.34), decreasing direct ownership by 19% to 113,073 units (SEC Form 4)

$RCAT
SEC Filings

Red Cat Holdings Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits

SEC Form 424B5 filed by Red Cat Holdings Inc.

SEC Form EFFECT filed by Red Cat Holdings Inc.

$RCAT
Analyst Ratings

Northland Capital initiated coverage on Red Cat Holdings with a new price target

Ladenburg Thalmann initiated coverage on Red Cat Holdings with a new price target

$RCAT
Insider Purchases

Evans Allan Thomas bought $9,650 worth of shares (10,000 units at $0.96), increasing direct ownership by 0.70% to 1,443,945 units (SEC Form 4)

$RCAT
Leadership Updates

Use of Drones for Land Surveying and Mapping Reaching New Levels Becoming a Billion Dollar Opportunity

Red Cat Launches Maritime Division, Blue Ops, Inc., Appoints Barry Hinckley as President to Lead Expansion into Uncrewed Surface Vessels

U.S. Defense Secretary Fast-Tracking Drone Production a Massive Win for Drone Stocks

$RCAT
Financials

Red Cat Reports Financial Results for Second Quarter 2025 and Provides Corporate Update

Red Cat Reports Financial Results for First Quarter 2025 and Provides Corporate Update

Red Cat to Report Q1 2025 Earnings and Provide Corporate Update on Wednesday, May 14, 2025

$RCAT
Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by Red Cat Holdings Inc.

Amendment: SEC Form SC 13G/A filed by Red Cat Holdings Inc.