Red Cat Holdings, Inc. (NASDAQ: RCAT), a drone technology company specializing in robotic hardware and software for military, government, and commercial operations, has announced a proposed public offering of its common stock. The company intends to offer and sell shares of its common stock in an underwritten public offering, with the underwriter having a 30-day option to purchase up to an additional 15% of the shares offered.
The net proceeds from the offering will be used for general corporate and working capital purposes, including operating expenditures and capital investments related to its new unmanned surface vessel division.
Northland Capital Markets is acting as the sole bookrunner for the transaction, and the offering is subject to market and other conditions. The company filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC) on September 15, 2025, which was declared effective on September 17, 2025.
Red Cat Holdings, Inc. is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security. Through its subsidiaries, Teal Drones and FlightWave Aerospace, the company develops American-made hardware and software supporting military, government, and public safety operations across air, land, and sea. The company's family of systems, led by Black Widow™, offers tactical capabilities in small, unmanned aircraft systems (SUAS). Additionally, Red Cat Holdings is expanding into the maritime domain through Blue Ops, Inc., innovating in uncrewed surface vessels (USVs) to enhance safety and multi-domain mission effectiveness.
The market has reacted to these announcements by moving the company's shares 4.18% to a price of $10.46. For more information, read the company's full 8-K submission here.
