Red Cat Holdings, Inc. (NASDAQ: RCAT) has announced its intention to offer and sell shares of its common stock in an underwritten public offering. The company also plans 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 net proceeds from the offering will be utilized for general corporate and working capital purposes, including operating expenditures and capital investments related to Red Cat's new unmanned surface vessel division.
Northland Capital Markets is acting as the sole bookrunner for the transaction.
A shelf registration statement on Form S-3 relating to the securities offered in the public offering was filed with the Securities and Exchange Commission (SEC) on September 15, 2025, and declared effective by the SEC on September 17, 2025.
Red Cat Holdings, Inc. (NASDAQ: RCAT) is a provider of advanced all-domain drone and robotic solutions for defense and national security. Through its wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, the company develops American-made hardware and software that support military, government, and public safety operations across air, land, and sea. Red Cat is also expanding into the maritime domain through Blue Ops, Inc., innovating in uncrewed surface vessels (USVs), delivering integrated platforms designed to enhance safety and multi-domain mission effectiveness.
As a result of these announcements, the company's shares have moved 4.18% on the market, and are now trading at a price of $10.46. If you want to know more, read the company's complete 8-K report here.
